503 W PEBBLE BEACH Drive, Tempe, AZ 85282

$850,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 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

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

2 Bedroom Units

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

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
52500
Net Operating Income
45462.53

Sold Info

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

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
Office Phone: 480-839-2600
Office Email: RonRobertsRealEstate@gmail.com
Last Updated: March - 10 - 2025
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