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7107-7113 N 53rd Ave
Glendale, AZ 85301
Casa La Jolla · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Individually metered for electricity (studio unit excluded)
- Two on-site laundry facilities for resident convenience
- Ground-floor residences feature private fenced backyards
- Well-designed studio, one-bedroom, and two-bedroom floor plans
Executive Summary
Competitive Seller Carryback Financing is available for a qualified buyer. Based on a 2025 actual NOI of approximately $125,000, the offering provides an investor with a 6.0%+ cap rate at close of escrow.
Casa La Jolla is an 18-unit apartment community near historic Downtown Glendale, offering solid block construction, broad workforce housing appeal, and a true value-add opportunity supported by strong fundamentals and steady tenant demand.
Casa La Jolla is an 18-unit apartment community near historic Downtown Glendale, offering solid block construction, broad workforce housing appeal, and a true value-add opportunity supported by strong fundamentals and steady tenant demand.
Property Facts Under Contract
| Price Per Unit | $138,889 | Lot Size | 0.77 AC |
| Sale Type | Investment | Building Size | 11,585 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R3 - R3, Glendale | ||
| Price Per Unit | $138,889 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 11,585 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - R3, Glendale |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $850.00 | 425 |
| 1+1 | 9 | $950.00 | 600 |
| 2+1 | 8 | $1,150 | 720 |
Property Taxes
| Parcel Number | 147-16-030E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $63,908 |
Property Taxes
Parcel Number
147-16-030E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$63,908
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