9 Beds
8 Baths
3,744 SqFt
9 Beds
8 Baths
3,744 SqFt
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,744 sqft
Price per Sqft $190
Subdivision Salton City
MLS Listing ID 219129043
Bedrooms 9
Full Baths 8
HOA Y/N No
Year Built 1965
Annual Tax Amount $10,818
Lot Size 0.302 Acres
Property Sub-Type Apartment
Property Description
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 Unit
Total Building Area: Approximately 3,744 sq. ft. across three buildings
Parking: Uncovered on-site parking available
Zoning: 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, Oasis, Desert Shr, Salton Cty
Interior
Heating Other
Cooling Air Conditioning
Fireplace false
Exterior
View Y/N true
View Desert, Hills, Lake, Mountain(s)
Private Pool No
Building
Story 1
Entry Level Ground
Sewer Unknown
Level or Stories Ground
Others
Senior Community No
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