3120 Panorama Road

Closed 4/29/10
Closed 4/29/10
Gallery Image 1
Sold
Last Sold Price
$1,760,000
3 beds59 baths26,200 sqft$67/sqft
3120 Panorama Rd, Riverside, CA 92506
Multi FamilyProperty Type
1.58 acresLot Size
1972Year Built
$67/sq ftPrice per sq ft
35 carsParking Spaces

Description

Panorama Gardens resides on a residential street that affords ingress from the community. There are other similar properties on the street. This property is surrounded by single family residents. The back foothills give the feeling of a forest type atmosphere even though its just minutes from the downtown civic center. The community is very quiet and secluded. The property features studios, ones and two bedroom units. Also included is a pool and laundry room. The parking is all carports. The building...Panorama Gardens resides on a residential street that affords ingress from the community. There are other similar properties on the street. This property is surrounded by single family residents. The back foothills give the feeling of a forest type atmosphere even though its just minutes from the downtown civic center. The community is very quiet and secluded. The property features studios, ones and two bedroom units. Also included is a pool and laundry room. The parking is all carports. The building has great access to shopping, schools and much much more!
  • Listed by: DOUGLAS MCCAULEY DRE #01155706 • MARCUS & MILLICHAP
Listing closed: 04/29/2010 12:00 AM • Source: CRMLS, MLS#: C09118396

Recent comparable sales

Median sold price

$1,150,000

Avg days on market

28

Sale-to-list ratio

96.7%

Riverside, CA

9 comparable properties found

$720,000 | 3370 Pachappa Hill, Riverside, CA 92506
1

$720,000

Sold 05/20/26

3
Bedrooms
3
Bathrooms
2,005
Square Feet
0.14
Acres

3370 Pachappa Hill, Riverside, CA 92506

a view of a lush green forest with trees and some houses
2

$1,550,000

Sold 07/15/26

3
Bedrooms
3,131
Square Feet
0.36
Acres

2023 Arroyo Drive, Riverside, CA 92506

a front view of a house with garden
3

$1,175,000

Sold 05/21/25

3
Bedrooms
2,134
Square Feet
0.45
Acres

5085 Rockledge Drive, Riverside, CA 92506

$1,200,000 | 2121 Arroyo Drive, Riverside, CA 92506
4

$1,200,000

Sold 12/01/25

3
Bedrooms
2,641
Square Feet
3.5
Acres

2121 Arroyo Drive, Riverside, CA 92506

a view of a house with large trees and plants
5

$1,150,000

Sold 05/22/25

3
Bedrooms
2,830
Square Feet
0.18
Acres

3456 Ramona Drive, Riverside, CA 92506

6

$1,158,000

Sold 03/06/25

3
Bedrooms
1.75
Bathrooms
1,736
Square Feet
Unavailable
Acres

5940 Maybrook Circle, Riverside, CA 92506

$1,075,000 | 5107 Victoria Avenue, Riverside, CA 92506
7

$1,075,000

Sold 09/30/24

3
Bedrooms
2,400
Square Feet
0.48
Acres

5107 Victoria Avenue, Riverside, CA 92506

$1,000,000 | 5008 Myrtle Avenue, Riverside, CA 92506
8

$1,000,000

Sold 08/03/26

3
Bedrooms
2,549
Square Feet
0.6
Acres

5008 Myrtle Avenue, Riverside, CA 92506

a view of a white house with a yard and potted plants
9

$635,000

Sold 03/10/25

3
Bedrooms
1,771
Square Feet
0.21
Acres

2975 Rockhill Way, Riverside, CA 92506

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Location

Listing Courtesy of MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

Sold By MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

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$11,157 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,946

Property Taxes

$2,211

HOA Dues

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Property Information for 3120 Panorama Road

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • Parking Spaces Total: 35
  • Total Units: 35.0
  • Lot Size Source: Assessor
  • Living Area: 26200
  • Assessor Parcel Number: 219-250-001
  • Building Area Total: 26200
  • Subdivision Name: OTHR
  • Subdivision Name Other: OTHR
  • Senior Community: No
  • Parcel Number: 219250001
  • Area: Not Defined (699)
Building Information
  • Stories: 2
  • Year Built: 1972
  • Lot Size: 1.58 AC / 68,824 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $27,550
  • Gross Scheduled Income: $334,100
  • Gross Spendable Income: $251,450
  • Vacancy Allowance: 82650
  • Vacancy Allowance Rate: 25
  • Net Operating Income: $107,830
  • Gross Multiplier: 5.29
  • Cap Rate: 6.16
Expense Details
  • Operating Expense: $143,620
Tax / Assessment Info
  • Tax Year: 2008
  • Tax Tract Number: 0000
  • Tax Lot: 2
Property / Structure Info
Land/Lot Info
  • Number Of Units: 35
  • Levels: Two
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 35
Property / Structure Info
  • Builders Tract Code: OTHR
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $550
  • Unit Type Total Rent: $1,745
  • Unit Type Pro Forma: 1875
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $5,625
  • Unit Type Pro Forma: 5560
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 24
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $825
  • Unit Type Total Rent: $20,180
  • Unit Type Pro Forma: 21480
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 26
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 35
  • Number Of Separate Gas Meters: 35
  • Number Of Separate Water Meters: 35

Property History for 3120 Panorama Road

DateEvent & SourcePriceAppreciation
Apr 29, 2010

Sold

CRMLS #C09118396

$1,760,000—
Apr 29, 2010

Sold

CLAW #C09118396MR

$1,760,000—
Apr 16, 2010

Sold (Public Record)

Public Record #287355068

$1,760,000

-14.9% / yr

DateEvent & SourcePrice
04/29/2010

Sold

CRMLS #C09118396

$1,760,000
04/29/2010

Sold

CLAW #C09118396MR

$1,760,000
04/16/2010

Sold (Public Record)

Public Record #287355068

$1,760,000

-14.9% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3120 Panorama Road

Taxable ValueLand$855,805Additions$1,461,464Total$2,317,269
Tax Record2025$26,531 ($2,211 / month)
Home Facts
Total Finished SqFt31,852 SqFtAbove Grade Finished SqFt31,852 SqFtStories2Lot Size68,825 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1964ZoningR3CountyRIVERSIDEAPN219-250-001

Schools near 3120 Panorama Road

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Alcott Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3120 Panorama Road, Riverside, CA 92506
$1,760,000
3
59
26,200
68,824
3096 Panorama Road, Unit B, Riverside, CA 92506
$177,000
2
1,023
871
3082 Panorama Road, Riverside, CA 92506
$105,000
2
2
1,023
–
3082 Panorama Road, Unit C, Riverside, CA 92506
$345,000
2
1,023
–
3082 Panorama Road, Unit B, Riverside, CA 92506
$45,000
2
1,023
–
3082 Panorama Road, Unit A, Riverside, CA 92506
$160,000
2
1.75
1,023
–

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

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.