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About the Listing CDAR-oD6034 - CDAR-D24129
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.
Listing Highlights for 81 Panorama Dr
Status
Active
Days on Site
135
Property Type
Multi-Family
MLS ®
219129043DA
Year Built
1965
Total Square Footage
0
Lot/Acreage
0.3
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Gas Range, Electric Water Heater
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof:
- Others: 2+ Total Units
- Sewer: Unknown
- Parking Features: Driveway
Financial Details
- Tax Amount: $10,818
- Taxes w/Assessments: N/A
- Tax/Property ID: 001071016000
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
81 Panorama Dr Thermal, CA 92274
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