1081 N CALIFORNIA Street, Chandler, AZ 85225

$1,350,000

Property Type: Multiple Dwellings Bedrooms: 40 Baths: 20 Status: Closed

Current Price: $1,350,000 Last Modified: 2/07/2019

Overview

Description

California Apartments consists of five single story buildings with a total of 20 two-bedroom, one-bathroom units located in the bustling city of Chandler, Arizona. The property is located North of the Northeast corner of N.California St. and W. Ray Rd., one mile north of Chandler High School and only 3.5 miles from Chandler Fashion Center, a 1,300,000-square-foot shopping destination. The property was in built in 1964 of block construction with flat roofs and feature newly renovated two bedroom, one-bathroom units, complete with new cabinets and flooring. This property has upside in rents which makes it a great value add opportunity in high traffic area

Listing Details MLS# 5469232

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: 2015

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

Status Change Info

Off Market Date: 2016-10-13
Under Contract Date: 2016-08-13
Close of Escrow Date: 2016-10-12

Legal Info

Township: 1S
Range: 5E
Section: 21
Lot Number: 15

More Information

2 Bedroom Units

# 2 Bedroom Units: 20
Avg Rent: 725
Avg SqFt: 644
# Baths: Yes

Structure

Bedrooms Total: 40
Bathrooms Total: 20

Income Expenses

Net Operating Income: 104460

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
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; 1031 Exchange Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Office Phone: 480-649-3536

Last Updated: February - 07 - 2019