1100 N CALIFORNIA Street, Chandler, AZ 85225

$780,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $780,000 Last Modified: 4/04/2025

Overview

Description

Updated 4-plex in the heart of Chandler! No HOA. VALUE ADD! Below market rents that could be increased. All 2 bed, 1 bath. Fully rented with all documentation. Less than a mile from Chandler Downtown Historically District. 1 Story complex. Fresh paint inside and out, virtually everything inside has been updated within the last 3-4 years. New kitchens, all 4 AC units, flooring, electrical and plumbing fixtures including valves, bathroom vanities, low maintenance landscaping, etc etc. This is turn key with tenants that have been there for years. So great VALUE-ADD by increasing to market rents. Exterior was redone with a private common area. Very clean and pride of ownership.

Listing Details MLS# 6347212

Location, Tax & Legal

Map Code/Grid
T38
House Number
1100
Compass
N
Street Name
CALIFORNIA
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
6676
Country
US
County Code
Maricopa
Subdivision
OLSEN ADDITION
Assessor Number
302-73-033
Tax Year
2021
Assessor's Map #
73
Legal Description (Abbrev)
LOT 33 OLSEN ADDITION MCR 008123
Assessor's Parcel #
33
Add'l Parcels
No
Tax Municipality
Chandler
Census Tract
523003
Taxes
1428
Legal
LOT 33 OLSEN ADDITION MCR 008123
Marketing Name
1100 California

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.18 acre
Year Built
1971
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
MF-2
Flood Zone
No
Elementary School District
Chandler Unified District
High School District
Chandler Unified District
Elementary School
Knox Gifted Academy
Jr. High School
John M Andersen Jr High School
High School
Chandler High School

Remarks Misc

Cross Street
Arizona Ave and Ray
Directions
West on Ray, North on California

Status Change Info

Off Market Date
2022-01-28
Under Contract Date
2022-01-28
Close of Escrow Date
2022-03-11

Legal Info

Township
1S
Range
5E
Section
21
Lot Number
33

More Information

Income Expenses

Gross Annual Sch Inc
42019.39
Net Operating Income
34598.96

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
925
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Ins Exp
1106.04
Annual Landscape Exp
1526.8
Annual Mgmt Exp
0
Annual Trash Exp
1217.48
Annual Wtr/Swr Exp
764.03
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
1378.08
Operating Exp
7420.43
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
42019.39

Pmt & Rate Info

Cap Rate
4.77
Equity
725000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes
Play Area
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes
Electric
Yes

Exterior Amenities

Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash to Loan
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Rolled Floors: Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool; Play Area Exterior Amenities: Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable New Financing: Cash to Loan; FHA; Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: April - 04 - 2025
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