$765,000
SOLD SEP 29, 2025
-- Bed
-- Bath
850 Sq Ft
1972 Built

Recently Sold

$900 Per Sq Ft

4% Below List Price

47 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Madison Heights Elementary School Rated A-

About This Home

As of September 2025

Terrific investment opportunity! Well maintained 4 plex in great community, with covered parking, coin operated laundry, strong rental history and fully rented for immediate cashflow. Fantastic location, close to AZ-51, professional centers, resorts, food, shopping, and entertainment. This property is a win for the first time investor or to add to your larger portfolio. Plus, it's a bargain! Reach out for details.

Last Agent to Sell the Property

David Mendel

eXp Realty License #SA516914000 Listed on: 07/17/2025

eXp Realty

Last Buyer's Agent

Carin Nguyen

Real Broker License #BR546062000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,742

Year Built

  • Built in 1972

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking

Schools

  • Madison #1 Elementary School
  • Central High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 160-22-113

Community Details

Overview

  • 4 Units
  • Building Dimensions are 75x138
  • Mission Viejo Section 3 Subdivision

Building Details

  • Operating Expense $10,078
  • Gross Income $57,343
  • Net Operating Income $47,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,742

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 12th St & Northern Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2024
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: MISSION VIEJO SECTION 3
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Free, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 360.0
  • Annual Water Sewer Expense: 2640.0

Schools

  • Elementary School: Madison #1 Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Elementary School

Lot Info

  • Lot Size: 75x138
  • Additional Parcels: No
  • Parcel #: 160-22-113

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 57343.14
  • Insurance Expense: 2428.0
  • Maintenance Expense: 2908.0
  • Property Net Operating Income: 47265.14
  • Annual Operating Expense: 10078.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1742.0
  • Tax Book Number: 160.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2025
Sold by
Ohler Chris and Ohler Tamara
Bought by
1319 E Vista Ave Llc
Current Estimated Value
$772,940

Purchase Details

Listed on
Jul 17, 2025
Closed on
Sep 18, 2025
Sold by
Deer Creek Properties Llc
Bought by
Ohler Chris and Ohler Tamara
Seller's Agent
David Mendel
eXp Realty
Buyer's Agent
Carin Nguyen
Real Broker
List Price
$799,900
Sold Price
$765,000
Premium/Discount to List
-$34,900
-4.36%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$612,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2021
Sold by
Michael J Hesse Living Trust and Hesse Erma
Bought by
Deer Creek Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2019
Sold by
Leyva Gerardo and Cordero Ana G
Bought by
Hesse Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2005
Sold by
Cordero Juan
Bought by
Lopez Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2002
Sold by
Enriquez Carlos Omar and Enriques Carlos Omar
Bought by
Chao Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,126
Interest Rate
6.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2001
Sold by
Snyder Robert A and Snyder Carrie J
Bought by
Enriques Carlos Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.21%

Purchase Details

Closed on
Jun 17, 1994
Sold by
Federal National Mortgage Association
Bought by
Snyder Robert A and Snyder Carrie J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $765,000 Grand Canyon Title
Warranty Deed $660,000 Empire West Title
Warranty Deed $330,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Warranty Deed $290,000 Stewart Title & Trust Of Pho
Warranty Deed $185,000 Stewart Title & Trust
Warranty Deed $165,000 American Title Insurance
Cash Sale Deed $59,900 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $612,000 New Conventional
Previous Owner $495,000 New Conventional
Previous Owner $247,500 New Conventional
Previous Owner $232,000 Purchase Money Mortgage
Previous Owner $183,126 FHA
Previous Owner $148,500 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2025 09/29/25 Sold $765,000 -1.9% $900 / Sq Ft
09/02/2025 09/02/25 Pending -- -- --
08/08/2025 08/08/25 Price Changed $779,900 -2.5% $918 / Sq Ft
07/17/2025 07/17/25 For Sale $799,900 0.0% $941 / Sq Ft
12/27/2023 12/27/23 Price Changed $1,250 +2.0% $1 / Sq Ft
10/26/2023 10/26/23 For Rent $1,225 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,827 $14,025 -- --
2024 $1,695 $13,357 -- --
2023 $1,695 $55,930 $11,180 $44,750
2022 $1,645 $37,850 $7,570 $30,280
2021 $1,659 $34,850 $6,970 $27,880
2020 $1,633 $27,680 $5,530 $22,150
2019 $1,597 $24,280 $4,850 $19,430
2018 $1,558 $21,000 $4,200 $16,800
2017 $1,485 $17,320 $3,460 $13,860
2016 $1,433 $14,720 $2,940 $11,780
2015 $1,331 $12,850 $2,570 $10,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6893736

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-113