528 W La Jolla Drive, Tempe, AZ 85282
$1,100,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,100,000
Last Modified:
1/25/2026
Description
Three at La Jolla is a boutique triplex situated in a highly desirable Tempe location, just minutes from Arizona State University, Downtown Tempe, and major employment and transit corridors. The property benefits from proximity to one of the Phoenix metro's strongest rental demand drivers while maintaining a quiet residential setting.
The asset offers a rare configuration, featuring an effectively standalone duplex alongside a single-family-style residence, providing enhanced privacy and separation between units. Renovated interiors, a limited unit count, and a simple operating profile create an easy-to-manage investment in one of Tempe's most established rental markets.
More Information MLS# 6974416
Contract Info
Ownership: Fee Simple
Current Price: $1,100,000
List Price: $1,100,000
Status: Active
List Date: 2026-01-21
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 11 LAGUNA ESTATES 2 MCR
Assessor's Parcel #: 144
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2570
Legal: LOT 11 LAGUNA ESTATES 2 MCR
Marketing Name: Three at La Jolla
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: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 0.22 Acres
Flood Zone: TBD
Total # of Units: 3
High School District: Tempe Union High School District
Year Built: 1974
Zoning: R-3R
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
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2570
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 63828.6
Pmt & Rate Info
Cap Rate: 4.47
Equity: 1100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Attached Garage: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 775
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2400
Avg SqFt: 1200
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: W Southern Ave/S Roosevelt St
Directions: From US-60, exit at Kyrene Rd and head north. Turn right (east) on Southern Ave, then right (south) on La Jolla Dr to 582 W La Jolla Dr.
Geo Lat: 33.390431
Geo Lon: -111.947329
Income Expenses
Gross Annual Sch Inc: 67188
Net Operating Income: 49217
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; Attached Garage
Road Access Type: Alley; City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Documents
Unbranded Flyer ›
Listing Office:
Orion Investment Real Estate
Last Updated: January - 25 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.