1100 N CALIFORNIA Street, Chandler, AZ 85225
$930,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$930,000
Last Modified:
4/21/2025
Description
Proven Value-Add fourplex located near Downtown Chandler. Owner has made significant capital improvements to the property. New sewer lines, addition of private yards, next exterior stucco and paint, new landscaping, and one unit fully renovated with washer and dryer in unit.
Leases on unrenovated units are expiring January 2023, can complete remaining unit renovations quickly.
More Information MLS# 6468311
Contract Info
Ownership: Fee Simple
Current Price: $930,000
Sold Price: $930,000
Status: Closed
List Date: 2022-09-23
Location, Tax & Legal
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: 1389
Legal: LOT 33 OLSEN ADDITION MCR 008123
Marketing Name: California 4
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
County Code: Maricopa
Subdivision: OLSEN ADDITION
Assessor Number: 302-73-033
Tax Year: 2022
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 8006
Total # of Units: 4
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Year Built: 1971
Zoning: MF-2
Legal Info
Range: 5E
Section: 21
Township: 1S
Lot Number: 33
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 7685
Annual Mgmt Exp: 3828
Annual Trash Exp: 1300
Annual Wtr/Swr Exp: 2300
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17702
Other Income: 3600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 76380
Pmt & Rate Info
Cap Rate: 6.18
Equity: 950000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
FHA: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1670
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Arizona Ave and Ray
Directions: West on Ray, North on California
Geo Lat: 33.322614
Geo Lon: -111.844604
Status Change Info
Off Market Date: 2022-12-10
Under Contract Date: 2022-10-25
Close of Escrow Date: 2022-12-09
Sold Price: $930,000
Income Expenses
Gross Annual Sch Inc: 76800
Net Operating Income: 58679
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Sidewalk(s)
Interior Features: Unfurnished
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: On Street; 1 Space/Unit
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: FHA; Conventional
Environmental: None
Listing Office:
Orion Investment Real Estate
Last Updated: April - 21 - 2025
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