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3060 Panorama Road, Riverside, CA 92506
Priced at Only: $3,350,000
For more Information Call
Mobile: 714.478.6676
Address: 3060 Panorama Road, Riverside, CA 92506
Property Photos

Property Location and Similar Properties
- MLS#: CV25042378 ( Apartment )
- Street Address: 3060 Panorama Road
- Viewed: 3
- Price: $3,350,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1968
- Bldg sqft: 0
- Days On Market: 37
- Additional Information
- County: RIVERSIDE
- City: Riverside
- Zipcode: 92506
- Provided by: CB RICHARD ELLIS
- Contact: ERIC ERIC
- DMCA Notice
-
DescriptionWe are proud to present an exceptional opportunity to acquire a unit 12 Unit multifamily property located at 3060 Panorama Road in the city of Riverside. Running adjacent to the 91 Freeway, off of Central Avenue and Ivy Street, the property consists of 14,529 SF of rentable square feet and is situated on a generous 112,820 SF hillside lot. The property boasts mature landscaping with lovely mountain views, and onsite carport and surface parking. The units are spacious with an average size of 1,211 SF and feature upgraded fully equipped kitchens with electric stoves and oven ranges, dishwashers, in unit washer and dryer hook ups, horizontal blinds, AC/heating, modern fixtures, large walk in closets, spacious patios or balconies, and a combination of stylish plank wood and carpet flooring throughout. 3060 Panorama Road offers a central location with convenient access to the Metrolink Downtown Riverside Commuter Rail Station. The property is also close to shopping centers, theaters, restaurants, and trendy shops, catering to diverse needs and providing excellent entertainment options. The Inland Empire, and Riverside in particular, presents a compelling opportunity for multifamily investors seeking portfolio expansion. Riverside benefits from a robust and growing workforce, anchored by the presence of major regional distribution centers. These hubs of commerce attract a consistent influx of new residents seeking employment, creating a reliably strong and stable demand for rental housing. The areas economic foundation, driven by logistics and distribution, provides a level of stability that can be particularly appealing to investors looking for long term growth and minimal vacancy risk. Furthermore, the Inland Empire, while experiencing growth, often offers more competitive entry points compared to other Southern California markets, making it an attractive option for investors looking to diversify their holdings or enter the multifamily market. 3060 Panorama Road is a stable income producing asset in the Inland Empire, promising a strong return on investment. Whether youre a first time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long term value.
Features
Building Area Total
- 14529.00
Carport Spaces
- 20.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
Cooling
- Central Air
Country
- US
Fuel Expense
- 69.00
Garage Spaces
- 0.00
Gardner Expense
- 3025.00
Heating
- Central
Insurance Expense
- 9000.00
Laundry Features
- Gas Dryer Hookup
- Inside
- Washer Hookup
Levels
- Two
Lockboxtype
- None
Lot Features
- 11-15 Units/Acre
Netoperatingincome
- 166800.00
Newtaxesexpense
- 38110.00
Number Of Separate Electric Meters
- 12
Number Of Separate Gas Meters
- 12
Number Of Separate Water Meters
- 12
Otherexpense
- 2400.00
Otherexpensedescription
- Reserves
Parcel Number
- 219250006
Pest Control Expense
- 3160.00
Pool Features
- None
Professionalmanagementexpense
- 12825.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 432960088:CRM
Spa Features
- None
Suppliesexpense
- 2512.00
Totalactualrent
- 270000.00
Totalexpenses
- 89700.00
Trash Expense
- 6199.00
Uncovered Spaces
- 3.00
Vacancyallowance
- 13500
Water Sewer Expense
- 4000.00
Water Source
- Public
Year Built
- 1968
Year Built Source
- Assessor
Zoning
- R3

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com