503 W PEBBLE BEACH Drive, Tempe, AZ 85282

$850,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $850,000 Last Modified: 3/10/2025

Overview

Description

Updated 4 plex in the heart of Tempe. Fully rented with 900+ square feet per apartment plus patios at the entrance of each unit. Laundry room has one washer and dryer. Units have been updated with new flooring, windows, kitchens and baths. 2 bedrooms 1 bath with beautiful vaulted ceilings. 1 covered parking spot for each unit. Please do not disturb occupants.

Listing Details MLS# 6209588

Location, Tax & Legal

Map Code/Grid
R36
House Number
503
Compass
W
Street Name
PEBBLE BEACH
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
4826
Country
US
County Code
Maricopa
Subdivision
LAGUNA ESTATES 2
Assessor Number
123-45-138
Tax Year
2020
Assessor's Map #
45
Legal Description (Abbrev)
LOT 5 LAGUNA ESTATES 2 MCR 012409
Assessor's Parcel #
138
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
319705
Taxes
3035
Legal
LOT 5 LAGUNA ESTATES 2 MCR 012409
Marketing Name
Laguna Estates

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10454
Year Built
1977
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
2
Zoning
R-3R
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Southern and Mill

Status Change Info

Off Market Date
2021-06-12
Under Contract Date
2021-05-02
Close of Escrow Date
2021-06-11

Legal Info

Township
1N
Range
4E
Section
33
Lot Number
5

More Information

Income Expenses

Gross Annual Sch Inc
52500
Net Operating Income
45462.53

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1100
Avg SqFt
940
# 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

Stucco
Yes

Roofing

Composition
Yes
Rock
Yes
Rolled
Yes

Floors

Vinyl
Yes
Wood
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Landscape Exp
225
Annual Wtr/Swr Exp
1223.72
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
4483.72
Other Income
75
Vacancy Allowance
0.05
Adjusted Gross Inc
49946.25
Total Monthly Rental Income
3225

Pmt & Rate Info

Cap Rate
5.06
Equity
899000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Cable TV Available
Yes
Security Light(s)
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
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

Carport
Yes
Paved
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Landscaping
Yes

New Financing

VA
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
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: Stucco Roofing: Composition; Rock; Rolled Floors: Vinyl; Wood; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: VA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: March - 10 - 2025
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