81 Panorama DR new Save Request In-Person Tour Request Virtual Tour
Thermal,CA 92274
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,744 sqft
Price per Sqft $190
Subdivision Salton City
MLS Listing ID 219129043DA
Bedrooms 9
Full Baths 8
Construction Status Additions/Alter, Updated/Remodeled
Year Built 1965
Annual Tax Amount $10,818
Lot Size 0.302 Acres
Property Sub-Type Multi-Family
Property Description
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.
Location
State CA
County Imperial
Area Valerie Jean'S, Oasis, Desert Shores, Salton City
Interior
Heating Other
Cooling Air Conditioning
Flooring Cement
Equipment Range/Oven
Exterior
Parking Features Driveway
Garage Spaces 8.0
View Y/N Yes
View Desert, Hills, Lake, Mountains
Building
Lot Description 2-4 Lots
Story 1
Sewer Unknown
Water In Street, Water District
Level or Stories Ground Level
Construction Status Additions/Alter, Updated/Remodeled
Others
Special Listing Condition Standard