521 W PEBBLE BEACH Drive, Tempe, AZ 85282
$695,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$695,000
Last Modified:
2/02/2026
Description
Amazing fully remodeled triplex in the heart of Tempe! This property has one 4 bedroom 2 bath home with a pool that has just been updated to pebble tech and new pool deck and also has a two car garage. The other two units are both two bedroom one bath units with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an amazing residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 5,000. This building is preforming at 7% cap on actual numbers. Drive by only all facts and figures are approx
Supplements: approximate please verify MLS information
More Information MLS# 5949684
Contract Info
Ownership: Fee Simple
Current Price: $695,000
Sold Price: $695,000
Status: Closed
List Date: 2019-07-08
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 7 LAGUNA ESTATES 2 MCR 012409
Assessor's Parcel #: 140
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2200
Legal: LAGUNA ESTATES 2
Marketing Name: LAGUNA ESTATES APARTMENTS
Map Code/Grid: R36
House Number: 521
Compass: W
Street Name: PEBBLE BEACH
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4826
County Code: Maricopa
Subdivision: LAGUNA ESTATES 2
Assessor Number: 123-45-140
Tax Year: 2018
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 9596
Total # of Units: 3
Elementary School District: Tempe Elementary School District
Elementary School: Carminati School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 1972
Legal Info
Range: 4E
Section: 33
Township: 1N
Lot Number: 7
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Pool Equipment: 1
Income & Expenses
Annual Elec Exp: 600
Annual Gas Exp: 0
Annual Ins Exp: 600
Annual Land Lse Exp: 0
Annual Landscape Exp: 700
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 2400
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2200
Operating Exp: 11700
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 60000
Total Monthly Rental Income: 5000
Pmt & Rate Info
Cap Rate: 6.9
Down Payment: 0
Equity: 700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Private Road: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Garage Door Opener: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Landscaping: 1
Pool Maintenance: 1
New Financing
No Carry: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 775
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 2200
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Southern & Mill
Directions: Head west on Southern and turn left on Roosevelt St, turn left on Pebble Beach Dr - home is on the right
Geo Lat: 33.390816
Geo Lon: -111.94705
Status Change Info
Off Market Date: 2019-12-20
Under Contract Date: 2019-11-14
Close of Escrow Date: 2019-12-19
Sold Price: $695,000
Income Expenses
Gross Annual Sch Inc: 60000
Net Operating Income: 48300
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Built-Up
Floors: Concrete
Sale Includes: Land & Building; Pool Equipment
Community Features: Pool
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Cooling: Electric
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Garage; Carport; On Street; >1 Space Per Unit; Garage Door Opener
Road Access Type: Private Road
Owner Pays: Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Unknown
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
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: No Carry; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office:
Grace CRE
Last Updated: February - 02 - 2026
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