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Property

Thermal, CA 92274 81 Panorama Drive

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Presented By: Kate Rust with Wilson-Meade Commercial Real Estate;
  • MLS# 219129043DA
  • 04/24/2025
  • Request Tour
  • Request Info
  • Year Built • 1965

Home 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.
Presented By: Kate Rust with Wilson-Meade Commercial Real Estate;

Interior Features for 81 Panorama Drive

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringConcrete
Heating Y/NYes
Total Stories1

General for 81 Panorama Drive

Additional Parcels Y/NNo
AppliancesElectricWaterHeater, GasRange
Attached Garage No
Cap Rate6.99
Carport Spaces0.0
Carport Y/NNo
CityThermal
CountyImperial
DirectionsFrom I-10 in the Coachella Valley-Head East. Stay to your right to merge onto CA-86 South. Follow to Desert Shore Drive, Turn Left on Palo Verde Dr. Property is located on the corner-2 units-sign wil
Electric Expense3000.0
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
Gross Income87000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan
Lot Size Square Feet13151.0
Lot Size UnitsSquareFeet
MLS Area317 - Valerie Jean's, Oasis, Desert Shores, Salton
MobileHomeRemainsYNNo
Net Operating Income49957.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased7
Open Parking Spaces8.0
Operating Expense32693.0
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameSalton City
Tax Annual Amount10818.0
Tenant PaysCableTv
Trash Expense1000.0
ViewDesert, Hills, Mountains
Water Sewer Expense1000.0
Year Built1965

Exterior for 81 Panorama Drive

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.3019
Lot Size Area13151.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking8.0
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $715,000
MLS#219129043DA
List Date 04/24/2025
Property Type Multi-Family
Request Tour
Request Info

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