81 Panorama dr, Thermal, CA 92274
Active
$715,000
8 Units
9 Beds
8 Baths
3,744 Area(sq.ft.)
Lot: 13,151 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 219129043DA |
| Days On Market: | 226 |
| Listing Date: | April 24, 2025 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 191 |
| Price per unit: | $ 89,375 |
| Year Built: | 1965 |
Property Details
81 and 83 Panorama Drive is an Investment Opportunity: 8-Unit Multifamily Property in Desert Shores, CA See attached OM for Expenses and Income.Discover a prime investment opportunity with this 8-unit multifamily property located at 81-83 Panorama Drive in the serene community of Desert Shores, California. Priced at $715,000, this property offers a diverse unit mix and significant income potential, making it an ideal addition to any investor's portfolio.Unit Mix: 5 Studios, 2 One-Bedroom Units, and 1 Two-Bedroom UnitTotal Building Area: Approximately 3,744 sq. ft. across three buildingsParking: Uncovered on-site parking availableZoning: R-1 APNs: 001-071-016 & 001-071-017.Investment Potential: This property presents a stable rental income with room for growth through lease optimization and value-add improvements. Three units are currently unpermitted, offering the opportunity for additional value through retroactive permitting or redevelopment. Located near State Route 86, the property benefits from high visibility and accessibility, with daily traffic counts of approximately 16,691 vehicles.Buyer to verify all information. Property sold As-Is. Two units at 83 Panorama Dr. (The Studio Unit #23 and the Standalone Building Unit #24) and One unit at 81 Panorama Drive are unpermitted. It is unknown when or by whom the unpermitted work was done.*Square Feet: Buyer to verify square footage.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 82,650 |
| Net Operating Income: | $ 49,957 |
| Cap Rate: | 6.99% |
Structure
| Levels: | Ground Level |
| Sewer: | Unknown |
| View Description: | Desert, Hills, Lake, Mountains |
| Water: | In Street, Water District |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Driveway |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Air Conditioning |
| Equipment: | Range/Oven |
| Heating: | Other |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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