3060 Panorama Rd, Riverside, CA 92506
OFF MARKET
Listed by Eric Chen, CB RICHARD ELLIS, (626) 757-5717 . Bought with Universal Elite Inc.

$3,327,000

Trulia Estimate
  • 23 Beds
  • 28 Baths
  • 14,529 sqft (on 2.59 acres)

3060 Panorama Rd, Riverside, CA 92506

Magnolia Center
Est. Refi. Payment $20,370/mo*
Refinance Your Home
Currently Off Market - Sold Jun 5, 2025 for $3,300,000

Home Value

Trulia Estimate
$3.33M
Since last month
Decreased$8K (-0.2%)
Since last year
Increased$25K (+0.8%)
Since last sale
Increased$27K (+0.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by 0% in the last 10 years
MonthEstimated value
2026
August 2026$3.33M
August 2026$3.32M
July 2026$3.33M
June 2026$3.3M
May 2026$3.3M
March 2026$3.33M
February 2026$3.29M
January 2026$3.27M
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4830 Palm Ave, Riverside, CA
1.17
Multi-Family Home
$5,645,000
02/13/26
45
42
67,518
4033 Linwood Pl, Riverside, CA
0.80
Multi-Family Home
$1,150,000
10/22/25
5
5
2,471
4562 Orange St, Riverside, CA
0.83
Multi-Family Home
$1,760,000
10/29/25
-
3,944
1480 7th St, Riverside, CA
2.30
Multi-Family Home
$5,500,000
08/11/26
49
25
22,576
4481 13th St, Riverside, CA
1.46
Multi-Family Home
$850,000
05/01/26
7
5
4,461
2431 12th St, Riverside, CA
1.22
Multi-Family Home
$760,000
10/15/25
6
4
2,214
1813-1825 Loma Vista St, Riverside, CA
1.98
Multi-Family Home
$1,689,000
09/16/25
12
8
5,631
4603 Jurupa Ave, Riverside, CA
1.39
Multi-Family Home
$885,000
01/14/26
6
3
2,088
3848 Locust St, Riverside, CA
1.55
Multi-Family Home
$970,000
08/07/26
8
-
7,100
6869 Marguerita Ave, Riverside, CA
1.67
Multi-Family Home
$1,390,000
06/25/26
6
5
2,793

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3068 Panorama Rd #D, Riverside, CA 92506
0.03
$337,700
2
2
1,023
Off Market
3090 Panorama Rd #A, Riverside, CA 92506
0.08
$318,000
2
2
1,023
For Sale
3090 Panorama Rd #D, Riverside, CA 92506
0.08
$392,200
2
2
1,023
Off Market
3082 Panorama Rd #C, Riverside, CA 92506
0.07
$467,700
2
2
1,023
Off Market
3064 Panorama Rd #C, Riverside, CA 92506
0.05
$492,900
2
2
1,023
Off Market
3088 Panorama Rd #D, Riverside, CA 92506
0.09
$289,999
1
1
654
For Sale
3096 Panorama Rd #D, Riverside, CA 92506
0.10
$316,900
2
2
1,023
Off Market
3096 Panorama Rd #A, Riverside, CA 92506
0.10
$343,200
2
2
1,023
Off Market
3052 Panorama Rd, Riverside, CA 92506
0.06
$732,300
2
3
1,850
Off Market
3170 Pachappa Hl, Riverside, CA 92506
0.14
$695,000
3
2
1,372
For Sale
3240 Pachappa Hl, Riverside, CA 92506
0.16
$997,600
4
2.5
2,734
Off Market

Local Information

  • Map ViewExplore the area around 3060 Panorama Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1968
2.59 acre lot
14,529 sqft
$229/sqft
20 Carport Spaces

About this House

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.
3060 Panorama Rd, Riverside, CA 92506 is a 23 bedroom, 28 bathroom, 14,529 sqft multi-family in Magnolia Center, built in 1968. It last sold for $3,300,000 on Jun 5, 2025 (1% below the $3,350,000 asking price). More recently, it was listed as a rental in January 2026 with an asking price of $2,575 per month. That rental listing was removed on February 19, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $3,327,000, with a rent estimate of $2,626/month.

Home Details for 3060 Panorama Rd

Interior Features

Beds & Baths
Number of Bedrooms: 23Number of Bathrooms: 28
Appliances & Utilities
Laundry: Washer Hookup,Gas Dryer Hookup,Inside
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Spa: NoneNo Spa
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Carport Spaces: 20Number of Covered Spaces: 20Open Parking Spaces: 3Has a CarportNo GarageParking Spaces: 23Parking: Carport
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 55

Property Information

Year Built
Year Built: 1968
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 219250006

Price & Status

Price
List Price: $3,350,000
Status Change & Dates
Off Market Date: Tue Apr 22 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Riverside

Building

Building Area
Building Area: 14529 Square Feet

Community

Community Features: Curbs, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 2.59 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: CV25042378Living Area Range Units: Square FeetAttribution Contact: 626-757-5717Common Interest: Community ApartmentUniversal Property Id: US-06065-N-219250006-R-N

Additional Information

CurbsSidewalks

Price and Tax history

DateEventPrice
Feb 19, 2026
Source: Zillow Rentals
ListingRemoved
$2,575
Jan 14, 2026
Source: Zillow Rentals
Listed For Rent
$2,575
Jun 5, 2025
Source: CRMLS #CV25042378
Sold
$3,300,000
Apr 22, 2025
Source: CRMLS #CV25042378
Pending
$3,350,000
Feb 26, 2025
Source: CRMLS #CV25042378
Listed For Sale
$3,350,000

Market trends in Riverside

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$657K
$6.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$382
$2MoM
Available listings
697
15MoM

Around this home

Neighborhood Overview

Magnolia Center
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Magnolia Center

At least 129 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 81 % Say there are sidewalks

  • 79 % Say yards are well-kept

  • 72 % Say car is needed

  • 72 % Say there's holiday spirit

  • 70 % Say it's walkable to restaurants

  • 70 % Say parking is easy

  • 69 % Say it's walkable to grocery stores

  • 69 % Say streets are well-lit

  • 63 % Say people would walk alone at night

  • 57 % Say they plan to stay for at least 5 years

  • 52 % Say there's wildlife

  • 50 % Say neighbors are friendly

  • 49 % Say kids play outside

  • 40 % Say it's quiet

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Evanbarrios
    "Be careful everyone. Please look out each other. If you can get a gun get one for protection. Please pick up after your dog. "
    0
    Flag
  • Trulia User
    "I don’t live far from where I work. It’s a quick jump on the freeway and I’m on way - 15 minutes tops "
    1
    Flag
  • Trulia User
    "This neighborhood is peaceful and has beautiful views. There are lots roads to orange trees and nurseries as well. "
    0
    Flag
  • Sandra Torres
    "I moved to magnolia center in Riverside recently. 3 months ago and it has been a great experience so far. Streets aren’t too crowded. You see family doing evening walks with their dogs. Overall it’s been a good experience can’t wait to see how the Holidays get on this part of town. "
    6
    Flag
  • Sarah K.
    "People let their dogs off leash. It shouldn’t matter the size. Dogs need to be leashes when in front yard or fenced"
    3
    Flag
  • Lacey F.
    "I love my neighborhood. It is friendly, safe, well kept and I have nice neighbors. I love being close to downtown and even closer to the Brockton arcade. "
    0
    Flag
  • Ms.shauuna
    "Beware of moving into Plaza West Condos....changed the rules and now you get your garage, parallel parking behind it, and anything above that you are forced to park out on the Main Street while tons of empty spots sit inside complex waiting for visitors. (Which you only get 1 visitor pass) numerous cars have been vandalized and HOA does nothing about it..."
    19
    Flag
  • Unspecified
    "its not too bad, they've done a good job getting rid of most of the homeless but there's still tweakers roaming the streets"
    2
    Flag
  • Golfskirtgirl
    "This neighborhood is great for dog walkers. Everyone is friendly and respectful. People walk in families too at all times, even late in the evening. "
    0
    Flag
  • Robyn L.
    "There are no community events in our neighborhood at all but we still very much love our neighborhood. "
    0
    Flag
  • Lovernotfighter
    "Can walk to Riverside Plaza. Movies, restaurants, coffee shops, markets, pharmacy, Trader Joes shopping."
    11
    Flag
  • Aartlover49
    "neighbors watch out for each others property. Dog walkers. Shopping Hospitals and restaurants .7 miles away"
    7
    Flag
  • Dlkdesign68
    "I've lived here for almost two years. I walk to work and love it! Lots of great restaurants and culture. Not a cookie cutter neighborhood."
    9
    Flag
  • Truslowcharles
    "I've lived here for three years now and I love it. Its quiet and a nice neighborhood in a great location. "
    9
    Flag
  • Klynna5
    "I have lived in this area for almost two years and absolutely love it. The neighborhood is quiet and all of our neighbors are friendly. We feel safe and at home. "
    11
    Flag

LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-09 00:55:32 PDT 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. Properties may or may not be listed by the office/agent presenting the information

Frequently asked questions about 3060 Panorama Rd

  • What is 3060 Panorama Rd estimated to be worth?
    Trulia's estimated value for 3060 Panorama Rd in Riverside, CA is $3,327,000.
  • What is the price history for 3060 Panorama Rd?
    3060 Panorama Rd in Riverside, CA last sold for $3,300,000 in June 2025.
  • Is Riverside a buyer's or seller's market?
    Riverside is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Riverside?
    The median sale price in Riverside is $657K. That is up $6.67K from the prior month.
  • Does 3060 Panorama Rd have air conditioning?
    Yes, 3060 Panorama Rd in Riverside, CA has air conditioning.
  • Does 3060 Panorama Rd have laundry facilities?
    Yes, 3060 Panorama Rd in Riverside, CA has laundry facilities.

Explore by feature - Pet Friendly

284 pet-friendly rentals in Riverside, CA

Explore by feature - Garage

268 rentals with a garage in Riverside, CA

Explore by feature - Air Conditioning

501 rentals with air conditioning in Riverside, CA

Explore by feature - Pool

216 rentals with a pool in Riverside, CA

Explore by feature - Washer/dryer

393 rentals with a washer/dryer in Riverside, CA

Explore by feature - Outdoor Space

135 rentals with an outdoor space in Riverside, CA

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 3060 Panorama Rd

Skip to last item
Skip to first item

Homes for sale near 3060 Panorama Rd

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item