$770,000
SOLD APR 30, 2025

1404 E Mountain View Rd Phoenix, AZ 85020

North Central Neighborhood
-- Bed
-- Bath
574 Sq Ft
10,193 Sq Ft Lot

Recently Sold

$1,341 Per Sq Ft

23% Below List Price

90 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • 5-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of April 2025

5 - unit apartment complex. The property features a shared courtyard and offers a unit mix of 3 one-bedroom, one-bathroom units and 2 two-bedroom, one-bathroom units, each thoughtfully designed with in-unit washer/dryers for added convenience. There is strong value add potential, with opportunities to increase rents and fully stabilize the property. ALL five units were renovated in 2018 and 2019, providing modern upgrades that include new kitchens, bathrooms, windows, doors, roofing, AC Units, sewer lines, and asphalt.

Last Agent to Sell the Property

Zachary Coty

Compass License #SA697361000 Listed on: 01/17/2025

Compass

Last Buyer's Agent

Suzye Kleiner

Compass License #SA684698000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,254

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Schools

  • Sunnyslope High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 42
  • Assessor Parcel Number 159-29-018

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 0
  • Mountain Home Tract Lots 17 Thru 24 41 Thru 48 Subdivision

Building Details

  • Operating Expense $12,254
  • Gross Income $64,602
  • Net Operating Income $54,346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,254

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 14th Street & Mountain View Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2024
  • Directions: North on 12th Street and Dunlap make right on Mountain View Road
  • Road Surface Type: Asphalt
  • Subdivision Name: MOUNTAIN HOME TRACT LOTS 17 THRU 24 41 THRU 48
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0

Utilities

  • Electric: APS
  • 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

Fee Information

  • Annual Water Sewer Expense: 3500.0

Schools

  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 159-29-018

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Annual Gross Income: 64602.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 54346.0
  • Annual Operating Expense: 12254.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1254.0
  • Tax Book Number: 159.00
  • Tax Lot: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Apr 29, 2025
Sold by
918 Holdings Llc
Bought by
Linger Holdings Llc
Seller's Agent
Zachary Coty
Compass
Buyer's Agent
Suzye Kleiner
Compass
List Price
$995,000
Sold Price
$770,000
Premium/Discount to List
-$225,000
-22.61%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-68.38%

Purchase Details

Closed on
Jun 21, 2019
Sold by
Mijo Investments Llc
Bought by
918 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,200
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2011
Sold by
Dawson John R
Bought by
Mijo Investments Llc

Purchase Details

Closed on
May 13, 2011
Sold by
Dawson Sharon M
Bought by
Dawson John R

Purchase Details

Closed on
Feb 25, 2011
Sold by
Aguirre Josue R and Aguirre Michelle
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jun 26, 2001
Sold by
Clark Clark Bridget Marie Bridget Marie and Clark Urban Elizabeth Hawley
Bought by
Aguirre Josue R and Aguirre Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,336
Interest Rate
7.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 1998
Sold by
Clark Patricia
Bought by
Clark Bridget Marie and Clark Cooper Bridget Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,500
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 1998
Sold by
Cooper Andrew J
Bought by
Clark Cooper Bridget Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,500
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 1998
Sold by
Urban Kenneth Joseph
Bought by
Clark Urban Elizabeth Hawley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,500
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1995
Sold by
Clark Patricia
Bought by
Clark Patricia and Clark Robert L
Source: Public Records

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Range of Values:

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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
Special Warranty Deed $770,000 Pioneer Title Agency
Warranty Deed $615,000 Wfg National Title Ins Co
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- Guaranty Title Agency
Cash Sale Deed $70,000 Guaranty Title Agency
Trustee Deed $93,000 Accommodation
Warranty Deed $165,900 Transnation Title Insurance
Interfamily Deed Transfer -- Fidelity Title
Interfamily Deed Transfer -- Fidelity Title
Interfamily Deed Transfer -- Fidelity Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 Unknown
Previous Owner $497,200 Commercial
Previous Owner $276,000 Negative Amortization
Previous Owner $188,000 Commercial
Previous Owner $163,336 Seller Take Back
Previous Owner $56,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $770,000 -6.7% $1,341 / Sq Ft
02/10/2025 02/10/25 Price Changed $825,000 -17.1% $1,437 / Sq Ft
01/17/2025 01/17/25 For Sale $995,000 -- $1,733 / Sq Ft
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 $1,254 $10,249 -- --
2024 $1,231 $9,761 -- --
2023 $1,231 $51,250 $10,250 $41,000
2022 $1,191 $36,460 $7,290 $29,170
2021 $1,206 $30,520 $6,100 $24,420
2020 $1,145 $27,260 $5,450 $21,810
2019 $1,124 $23,380 $4,670 $18,710
2018 $1,094 $19,760 $3,950 $15,810
2017 $1,089 $18,100 $3,620 $14,480
2016 $1,070 $16,230 $3,240 $12,990
2015 $991 $15,010 $3,000 $12,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6805518

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-29-018