1081 N CALIFORNIA Street, Chandler, AZ 85225

$825,000
Property Type: Multiple Dwellings Bedrooms: 40 Baths: 20 Status: Closed
Current Price: $825,000 Last Modified: 7/06/2017

Overview

Description

The California Apartments is a 20 unit low-density, single level complex comprised of 5 four unit buildings on 2 lots. Seller has re-located out of state and his loss is your gain. Covered parking is on the South side of the property and there is an owned onsite laundry and a community barbeque/fenced play area for the children. All units are two bedroom/one bath with newer HVACs installed in 2005. At the same time, the roof was replaced with a new foam roofing system. The note is assumable (6.008%) for 1Pt qualified assumption. Buyer to verify all items prior to close of escrow.

Listing Details MLS# 5010270

Location, Tax & Legal

Map Code/Grid
T38
House Number
1081
Compass
N
Street Name
CALIFORNIA
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
6670
Country
US
County Code
Maricopa
Assessor Number
302-73-015
Tax Year
2012

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irr
Year Built
1964
Total # of Units
20
# of Buildings
5
Zoning
Multi
Elementary School District
Chandler Unified District
High School District
Chandler Unified District

Remarks Misc

Cross Street
Ray Road/Arizona Ave
Directions
West to California, North to property on East side of street - 5 four unit buildings on two lots.

Status Change Info

Off Market Date
2014-02-05
Under Contract Date
2014-02-04
Close of Escrow Date
2014-02-19

Legal Info

Township
1S
Range
5E
Section
21
Lot Number
15

More Information

2 Bedroom Units

# 2 Bedroom Units
20
Avg Rent
500
Avg SqFt
644
# Baths
Yes

Structure

Bedrooms Total
40
Bathrooms Total
20

Income Expenses

Gross Annual Sch Inc
120000
Net Operating Income
71156

Contact Info

List Agent Home Phn
602-265-6617

Sold Info

Loan Type
Carryback
Loan Years
20
Payment Type
Adjustable
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Foam Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool; Play Area; Barbecue Exterior Amenities: Desert Landscaping Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS; SRP Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Assume - Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Owner May Carry; Wraparound Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Office Phone: 602-264-8400
Last Updated: July - 06 - 2017
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