81 Panorama DR new Save Request In-Person Tour Request Virtual Tour
Thermal,CA 92274
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Salton City
MLS Listing ID 219129043DA
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1965
Annual Tax Amount $10,818
Lot Size 0.302 Acres
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 317 - Valerie Jean'S, Oasis, Desert Shores, Salton
Interior
Flooring Concrete
Fireplace No
Appliance Electric Water Heater,Gas Range
Exterior
Parking Features Driveway
View Y/N Yes
View Desert,Hills,Mountain(s)
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Unknown
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 001071016000
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan
Special Listing Condition Standard