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

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

More Information MLS# 6525298

Contract Info

Ownership: Fee Simple Current Price: $1,000,000 Sold Price: $1,000,000 Status: Closed List Date: 2023-02-27

Location, Tax & Legal

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 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 County Code: Maricopa Subdivision: LAGUNA ESTATES 2 Assessor Number: 123-45-144 Tax Year: 2022

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 0 Lot Size Dimensions: IRR Total # of Units: 3 Elementary School District: Tempe Elementary School District High School District: Tempe Union High School District Year Built: 1974 Zoning: R3R

Legal Info

Range: 4E Section: 33 Township: 1N Lot Number: 11

Project Type

Tri-Plex: 1

Construction

Block: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1 Ceramic Tile: 1 Carpet: 1

Sale Includes

Land & Building: 1

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: 1

Community Features

Other: 1 See Remarks: 1

Heating

Electric: 1

Cooling

Heat Pump: 1

Exterior Amenities

Desert Landscaping: 1 Fenced: 1 Patio/Balcony: 1 Separate Storage: 1

Interior Features

Unfurnished: 1 Mini Blinds: 1 Other (See Remarks): 1

Tenant Pays

Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Garage: 1 Carport: 1 On Street: 1

Electric

SRP: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Landscaping: 1

New Financing

Cash to Loan: 1 VA: 1 Conventional: 1 FHA: 1 Owner May Carry: 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

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

Seller Prop Disc Stm: 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: 2150 Avg SqFt: 775 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1800 Avg SqFt: 1200 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Carryback 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: WEST ON SOUTHERN TO ROOSEVELT, SOUTH ON ROOSEVELT TO LA JOLLA, EAST (LEFT) LA JOLLA. Geo Lat: 33.390439 Geo Lon: -111.947338

Status Change Info

Off Market Date: 2023-03-15 Under Contract Date: 2023-03-02 Close of Escrow Date: 2023-03-14 Sold Price: $1,000,000

Income Expenses

Gross Annual Sch Inc: 73200 Net Operating Income: 58036

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
Listing Office: Grace CRE
IDX
Last Updated: February - 05 - 2026
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