Unknown Subdivision
Property • Multiple Dwellings
Web ID # 7003723
$1,300,000.00
0 Beds • 0 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
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 today's 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.
From the intersection of Stapley Dr & Main St, head south on Stapley, turn left onto Dana St. Property is on your left.
Dwelling Type: Multiple Dwellings
Subdivision: N/A
Year Built: 1971, County: N/A
From the intersection of Stapley Dr & Main St, head south on Stapley, turn left onto Dana St. Property is on your left.
Listing is courtesy of Orion Investment Real Estate
