$3,776 Closing Credit¹
#IV25030530, STEVE RODE, Listing Office: GUARDIAN REALTY SERVICES INC
#CV25042378·
Listing Office: CB RICHARD ELLIS·
Listing Agent: ERIC CHEN·
Listing Office Phone: 626-757-5717
$3,350,000 List price
3060 Panorama Rd Riverside, CA 92506
2.6 acres
Condo
Property details
About 3060 Panorama Rd
We 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 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.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size2.59 Acres
Year built1968
MLS #CV25042378
Summary
- MLS Number: CV25042378
- MLS Name: CRMLS
- Office Name: CB RICHARD ELLIS
- Office Phone: (626) 757-5717
- Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/2/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,350,000
3060 Panorama Rd
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 29, 2013 | Home Sold | $1,280,000 |
| Apr 15, 2011 | Home Sold | $1,055,000 |
| May 27, 2004 | Home Sold | $1,485,000 |
| May 27, 2004 | Home Sold | $742,500 |
| Apr 30, 2002 | Home Sold | $675,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,538,328 | $17,586 |
| 2023 | $1,508,166 | $17,512 |
| 2022 | $1,478,595 | $17,198 |
| 2021 | $1,449,603 | $16,934 |
| 2020 | $1,434,740 | $16,809 |
| 2018 | $1,379,029 | $16,188 |
| 2017 | $1,351,990 | $14,917 |
History based on county public records data.
Nearby schools
6
Pachappa Elementary School
Public District KG-6
0.6 mi
•6200 Riverside Ave
6
Magnolia Elementary School
Public District KG-6
0.7 mi
•3975 Maplewood Pl
5
Louisa May Alcott Elementary School
Public District KG-6
1.0 mi
•2433 Central Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,026. Most Riverside, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
40%
<35k
49%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
37%
Single, No Kids
24%
Single, with Kids
18%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
35%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
IKEA
Banana Republic
H&M
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Chipotle
What do the neighbors drive?
Lexus
Toyota
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
Jazz- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3060 Panorama Rd
This home is located at 3060 Panorama Rd in Riverside, CA and zip code 92506 in the Magnolia Center neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $3,350,000.
Riverside, CA housing market in February 2025 saw over 45 listings sold above listed price, more than 28 sold at listed price and over 66 sold below. The number of homes for sale in Riverside, CA increased by 8.7% between January and February 2025. Listings spent 44 days on the market in February 2025, and had a median list price of $660,398 during the same period.
From Rocket Homes Real Estate and based on county public records data.