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1500 E Dana Ave
Mesa, AZ 85204
La Jolla Villas · Multifamily Property For Sale
·
7 Units
Executive Summary
La Jolla Villas is a garden-style multifamily community situated on approximately ±45,882 square feet in Mesa. Originally built in 1971 and renovated in 2022, the property consists of seven existing units with a diverse unit mix, providing immediate inplace income. The offering is highlighted by approved site plans for eight additional units, all designed as 2-bedroom, 2-bathroom residences. This presents a rare opportunity to expand unit count and increase overall revenue without entitlement risk. La Jolla Villas combines stabilized cash flow with clear development upside, making it an attractive investment opportunity in a growing East Valley submarket.
Property Facts Under Contract
| Price Per Unit | $185,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.10 AC |
| No. Units | 7 | Building Size | 8,502 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Low-Rise | Parking Ratio | 1.65/1,000 SF |
| Zoning | RM-2 | ||
| Price Per Unit | $185,714 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 8,502 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | RM-2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 7 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,616 | Total Assessment | $20,096 |
Property Taxes
Parcel Numbers
Land Assessment
$1,616
Improvements Assessment
$0
Total Assessment
$20,096
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