81 Panorama DR, Thermal, CA 92274 - MLS#219129043DA

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Ricardo Gil Jr

rgiljr@gilsre.com +1(209) 226-9649

$715,000

Est. payment - /mo

0.3 Acres Lot

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UPDATED:

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

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Listed by Kate Rust • Wilson-Meade Commercial Real Estate

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Ricardo Gil Jr

+1(209) 226-9649

Broker | CA DRE#01800755

Broker CA DRE#01800755

81 Panorama DR Thermal, CA 92274

Ricardo Gil Jr

Key Details

Location

Interior

Exterior

Building

Others

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