BEDS0
BATHS
MLS#7003723
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
La Jolla Villas offers a rare opportunity to acquire a partially renovated multifamily asset with both immediate upside and long-term growth potential. Located at 1500 E Dana Ave in Mesa, AZ, the property features 7 garden-style units renovated in 2022, paired with approved site plans for 8 additional 2bed/2bath units on the adjacent parcel, one of the most sought-after unit types in todays rental market. The existing unit mix (1 studio, 1 bed/1bath, 3 2bed/1bath, 1 2bed/1.5bath, and 1 3bed/2bath) provides immediate income stability, while the entitled development component offers a clear path to increased density and long-term value creation.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric, Varies by Unit
Heating: Electric, Varies by Unit
Roof Type: Composition
Taxes: $1,883
Year Built: 1971
Feature Descriptions
Community Features: No Pool
Days on Site: 1
Exterior: Block, Painted
Flooring: Ceramic Tile
Parking: >1 Space Per Unit
Water: City Franchise
Listed By / Shown By
Listed By
Agency Name: Orion Investment Real Estate
Agency Phone: 480-634-6934
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 3,429.32 per month $2,893.24 Principal & Interest $156.92 Property Tax $379.17 Homeowner's Insurance
1500 E Dana Avenue | MLS# 7003723
This multi-family property located at 1500 E Dana Avenue, Mesa, AZ 85204 is currently listed for sale with an asking price of $1,300,000. Search Mesa real estate on www.arizonabest.com today.