525 W PEBBLE BEACH Drive, Tempe, AZ 85282
$1,800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,800,000
Last Modified:
5/15/2025
Description
This listing contains 2 , 4-plexes. Each unit has its own address. The addresses are 525, 527, 529, 531, 533, 535, 537,and 539. 533 - 539 have individual water meters. The other 4 share one meter. There are 3 buildings, the 2 four plexes and the third building is a laundry room and office/workspace. There are 2 separate APNs. 525 W. Pebble Beach Dr (APN:123-45-141) & 533 W. Pebble Beach Dr (APN 123-45-142). There are 8 two bedroom one bath units with approximately 900 sq. ft. per unit. Single level units with dual pane windows, vaulted ceilings, private patios, and one covered parking space per unit. The units are always occupied and most are long term tenants. 5 of the 8 units have had some updating.
More Information MLS# 6647494
Contract Info
Ownership: Fee Simple
Current Price: $1,800,000
Sold Price: $1,800,000
Status: Closed
List Date: 2024-01-08
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 8 LAGUNA ESTATES 2 MCR 012409
Assessor's Parcel #: 141
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2609
Legal: LOT 8 LAGUNA ESTATES 2 MCR 012409
Marketing Name: Laguna Estates
House Number: 525
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: 123-45-141
Tax Year: 2023
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 110X90X120X76
Flood Zone: No
Total # of Units: 8
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1973
Zoning: R-3R
Legal Info
Range: 4E
Section: 33
Township: 1N
Lot Number: 8
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Rolled: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 2056
Annual Gas Exp: 0
Annual Ins Exp: 2400
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 4000
Annual Mgmt Exp: 4500
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 20265
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 94672.8
Total Monthly Rental Income: 7889.4
Pmt & Rate Info
Cap Rate: 4.53
Down Payment: 0
Equity: 1999900
1st Encumbrance: 0
Down Payment %: 5
Monthly Payments: 7889.4
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Manager Res/Office: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 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
Landscaping: 1
New Financing
Cash to Loan: 1
Conventional: 1
1031 Exchange: 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
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-820-5959
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1000
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
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: SOUTHERN AND ROOSEVELT
Directions: South on Roosevelt to Pebble Beach. Units are on the SE corner.
Geo Lat: 33.390825
Geo Lon: -111.947321
Status Change Info
Off Market Date: 2024-03-01
Under Contract Date: 2024-02-12
Close of Escrow Date: 2024-03-01
Sold Price: $1,800,000
Income Expenses
Gross Annual Sch Inc: 94672.8
Net Operating Income: 90672.8
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition; Rolled
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool; Manager Res/Office
Exterior Amenities: Landscape Water System; Desert Landscaping; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony; Security Light(s)
Interior Features: Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: On Street; 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
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
New Financing: Cash to Loan; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Superlative Realty
Last Updated: May - 15 - 2025
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