3060 Panorama Rd
Description
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 area’s 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 you’re 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.
- Listed by Eric Chen • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
Property Details for 3060 Panorama Road
Property Details for 3060 Panorama Road
| Status | Closed |
|---|---|
| MLS # | CV25042378 |
| Days on Market | 55 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1968 |
| County | Riverside County |
Location
Sold By Universal Elite Inc., Yang Zheng, DRE #01989658
Building Information for 3060 Panorama Road
Payment Calculator
$17,598 per month
30 year fixed, 6.15% Interest
$16,084
$1,514
$0
Property Information for 3060 Panorama Road
- Gross Income: $270,000
- Gross Scheduled Income: $270,000
- Vacancy Allowance: 13500
- Gross Operating Income: $256,500
- Net Operating Income: $166,800
- Gross Multiplier: 12.41
- Cap Rate: 4.98
- Financing: Cash To New Loan
- Operating Expense: $89,700
- New Taxes Expense: $38,110
- Gardener Expense: $3,025
- Fuel Expense: $69
- Pest Control Expense: $3,160
- Insurance Expense: $9,000
- Maintenance Expense: $8,400
- Professional Management Expense: $12,825
- Other Expense: $2,400
- Other Expense Description: Reserves
- Trash Expense: $6,199
- Water Sewer Expense: $4,000
- Supplies Expense: $2,512
- Total Expenses: $89,700
- Tax Tract Number: 031100
- Tax Census Tract: 031100
- CFD/Mello-Roos Fee: $753
- Tax Lot: 4
- Community Features: Curbs, Sidewalks
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Spa Features: None
- Spa Heat: N/K
- Lot Features: 11-15 Units/Acre
- Number Of Units: 12
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 3
- Open Other Spaces Total: 3
- Parking Garage Spaces: 0
- Carport Spaces: 20
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,595
- Unit Type Total Rent: $19,140
- Unit Type Pro Forma: 1700
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,675
- Unit Type Total Rent: $20,100
- Unit Type Pro Forma: 2100
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,095
- Unit Type Total Rent: $25,140
- Unit Type Pro Forma: 2300
- Unit Type Type: 3
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,038
- Unit Type Total Rent: $73,380
- Unit Type Pro Forma: 2300
- Unit Type Type: 4
- Unit Type Units Total: 6
- Unit Type Beds Total: 2
- Unit Type Baths Total: 3
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,837
- Unit Type Total Rent: $132,240
- Unit Type Pro Forma: 2350
- Unit Type Type: 5
- Number Of Units Leased: 12
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 12
- Number Of Separate Gas Meters: 12
- Number Of Separate Water Meters: 12
Property History for 3060 Panorama Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 5, 2025 | Sold CLAW #CV25042378MR | $3,300,000 | — |
| Jun 5, 2025 | Sold SDMLS #CV25042378 | $3,300,000 | — |
| Jun 5, 2025 | Sold CRMLS #CV25042378 | $3,300,000 | — |
| Apr 28, 2025 | Sold (Public Record) Public Record #1558943407 | $3,300,000 | +8.3% / yr |
| Apr 22, 2025 | Pending CRMLS #CV25042378 | — | |
| Apr 22, 2025 | Pending SDMLS #CV25042378 | — | |
| Apr 22, 2025 | Pending CLAW #CV25042378MR | — | |
| Feb 26, 2025 | Listed (Active) SDMLS #CV25042378 | $3,350,000 | — |
| Feb 26, 2025 | Listed (Active) CLAW #CV25042378MR | $3,350,000 | — |
| Feb 26, 2025 | Listed (Active) CRMLS #CV25042378 | $3,350,000 | — |
| May 20, 2013 | Sold (Public Record) Public Record #364603112 | $1,280,000 | -1.6% / yr |
| Apr 18, 2011 | Sold CRMLS #T09135040 | $1,050,000 | — |
| Apr 18, 2011 | Sold CLAW #T09135040MR | $1,050,000 | — |
| Dec 16, 2010 | Pending CRMLS #T09135040 | — | |
| Dec 16, 2010 | Pending CLAW #T09135040MR | — | |
| Dec 28, 2009 | Listed (Active) CRMLS #T09135040 | $1,499,990 | — |
| Dec 28, 2009 | Listed (Active) CLAW #T09135040MR | $1,499,990 | — |
| May 27, 2004 | Sold (Public Record) Public Record #135895377 | $1,485,000 | — |
| May 27, 2004 | Sold (Public Record) Public Record #135895373 | $742,500 | +4.7% / yr |
| May 27, 2004 | Sold CRMLS #C400982 | $1,475,000 | — |
| May 27, 2004 | Sold CLAW #C400982MR | $1,475,000 | — |
| Jan 30, 2004 | Pending CRMLS #C400982 | — | |
| Jan 30, 2004 | Pending CLAW #C400982MR | — | |
| Jan 21, 2004 | Listed (Active) CRMLS #C400982 | $1,525,000 | — |
| Jan 21, 2004 | Listed (Active) CLAW #C400982MR | $1,525,000 | — |
| Apr 30, 2002 | Sold (Public Record) Public Record #85900274 | $675,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/05/2025 | Sold CLAW #CV25042378MR | $3,300,000 |
| 06/05/2025 | Sold SDMLS #CV25042378 | $3,300,000 |
| 06/05/2025 | Sold CRMLS #CV25042378 | $3,300,000 |
| 04/28/2025 | Sold (Public Record) Public Record #1558943407 | $3,300,000 +8.3% / yr |
| 04/22/2025 | Pending CRMLS #CV25042378 | — |
| 04/22/2025 | Pending SDMLS #CV25042378 | — |
| 04/22/2025 | Pending CLAW #CV25042378MR | — |
| 02/26/2025 | Listed (Active) SDMLS #CV25042378 | $3,350,000 |
| 02/26/2025 | Listed (Active) CLAW #CV25042378MR | $3,350,000 |
| 02/26/2025 | Listed (Active) CRMLS #CV25042378 | $3,350,000 |
| 05/20/2013 | Sold (Public Record) Public Record #364603112 | $1,280,000 -1.6% / yr |
| 04/18/2011 | Sold CRMLS #T09135040 | $1,050,000 |
| 04/18/2011 | Sold CLAW #T09135040MR | $1,050,000 |
| 12/16/2010 | Pending CRMLS #T09135040 | — |
| 12/16/2010 | Pending CLAW #T09135040MR | — |
| 12/28/2009 | Listed (Active) CRMLS #T09135040 | $1,499,990 |
| 12/28/2009 | Listed (Active) CLAW #T09135040MR | $1,499,990 |
| 05/27/2004 | Sold (Public Record) Public Record #135895377 | $1,485,000 |
| 05/27/2004 | Sold (Public Record) Public Record #135895373 | $742,500 +4.7% / yr |
| 05/27/2004 | Sold CRMLS #C400982 | $1,475,000 |
| 05/27/2004 | Sold CLAW #C400982MR | $1,475,000 |
| 01/30/2004 | Pending CRMLS #C400982 | — |
| 01/30/2004 | Pending CLAW #C400982MR | — |
| 01/21/2004 | Listed (Active) CRMLS #C400982 | $1,525,000 |
| 01/21/2004 | Listed (Active) CLAW #C400982MR | $1,525,000 |
| 04/30/2002 | Sold (Public Record) Public Record #85900274 | $675,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3060 Panorama Road
Schools near 3060 Panorama Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Alcott Elementary School PublicK to 6 | ||
Central Middle School Public7 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Riverside Virtual School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #01489184
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.