528 W LA JOLLA Drive, Tempe, AZ 85282

$1,000,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,000,000 Last Modified: 2/05/2026

Overview

Description

Three at La Jollla is a wonderful triplex with a 3 bedroom 2 bath unit with 2 car garage and two 2 bed one bath units. This property is rare completely separately metered for utilities water sewer and trash and electric. All units have washer and dryers and separate yards. All units have had some recent updates and upgrades to kitchen and bathrooms. The 2 bedroom 1 bath units are currently rented for travel nurses and furniture can be sold on a separate bill of sale. 3 bedroom tenant is month to month 1836 including tax the two beds included all utilities 2150. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale showing with accepted offer. Seller is willing to carry back

Listing Details MLS# 6525298

Location, Tax & Legal

Map Code/Grid
R36
House Number
528
Compass
W
Street Name
LA JOLLA
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
4810
Country
US
County Code
Maricopa
Subdivision
LAGUNA ESTATES 2
Assessor Number
123-45-144
Tax Year
2022
Assessor's Map #
45
Legal Description (Abbrev)
LOT 11 LAGUNA ESTATES 2 MCR 012409
Assessor's Parcel #
144
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319705
Taxes
2168
Legal
LOT 11 LAGUNA ESTATES 2 MCR 012409
Marketing Name
Three at LaJolla

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1974
Total # of Units
3
# of Buildings
Yes
Zoning
R3R
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
SOUTHERN/MILL
Directions
WEST ON SOUTHERN TO ROOSEVELT, SOUTH ON ROOSEVELT TO LA JOLLA, EAST (LEFT) LA JOLLA.

Status Change Info

Off Market Date
2023-03-15
Under Contract Date
2023-03-02
Close of Escrow Date
2023-03-14

Legal Info

Township
1N
Range
4E
Section
33
Lot Number
11

More Information

Income Expenses

Gross Annual Sch Inc
73200
Net Operating Income
58036

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
2150
Avg SqFt
775
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1800
Avg SqFt
1200
# Baths
2

Sold Info

Loan Type
Carryback
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

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
3000
Annual Gas Exp
0
Annual Ins Exp
1600
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
0
Annual Maint Exp
3000
Annual Mgmt Exp
0
Annual Trash Exp
1000
Annual Wtr/Swr Exp
1000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
12968
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
71004
Total Monthly Rental Income
6100

Pmt & Rate Info

Cap Rate
5.8
Down Payment
0
Equity
1000000
1st Encumbrance
0
Down Payment %
0
Monthly Payments
0
2nd Encumbrance
0
3rd Encumbrance
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Mini Blinds
Yes
Other (See Remarks)
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
Carport
Yes
On Street
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Landscaping
Yes

New Financing

Cash to Loan
Yes
VA
Yes
Conventional
Yes
FHA
Yes
Owner May Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Mini Blinds; Other (See Remarks) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Garage; Carport; On Street Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma 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: Cash to Loan; VA; FHA; Conventional; Owner May Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Grace CRE
Last Updated: February - 05 - 2026
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