1500 E Dana Ave Mesa, AZ 85204
Reed Park NeighborhoodEstimated payment $7,097/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
La Jolla Villas offers a rare opportunity to acquire a partially renovated multifamily asset with both immediate upside and long-term growth potential. Located at 1500 E Dana Ave in Mesa, AZ, the property features 7 garden-style units renovated in 2022, paired with approved site plans for 8 additional 2bed/2bath units on the adjacent parcel, one of the most sought-after unit types in today's rental market. The existing unit mix (1 studio, 1 bed/1bath, 3 2bed/1bath, 1 2bed/1.5bath, and 1 3bed/2bath) provides immediate income stability, while the entitled development component offers a clear path to increased density and long-term value creation.
Listing Agent
Orion Investment Real Estate License #SA689433000 Listed on: 03/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,884
Year Built
- Built in 1971
Home Design
- Composition Roof
- Block Exterior
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
Utilities
- Central Air
- Heating Available
- Natural Gas Not Available
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 8
- Assessor Parcel Number 138-11-036
Community Details
Overview
- 2 Buildings
- 15 Units
- Building Dimensions are 148x314
Building Details
- Operating Expense $1,884
- Gross Income $116,340
- Net Operating Income $87,255
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,823 | $18,480 | -- | -- |
| 2024 | $1,829 | $17,600 | -- | -- |
| 2023 | $1,829 | $71,160 | $9,220 | $61,940 |
| 2022 | $1,736 | $52,780 | $6,840 | $45,940 |
| 2021 | $1,762 | $43,220 | $5,600 | $37,620 |
| 2020 | $1,739 | $39,390 | $5,100 | $34,290 |
| 2019 | $1,622 | $33,430 | $4,330 | $29,100 |
| 2018 | $1,556 | $29,770 | $3,860 | $25,910 |
| 2017 | $1,509 | $22,700 | $2,940 | $19,760 |
| 2016 | $1,481 | $21,440 | $2,780 | $18,660 |
| 2015 | $1,393 | $19,560 | $2,530 | $17,030 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/27/2026 03/27/26 | Pending | -- | -- | -- | |
| 03/25/2026 03/25/26 | For Sale | $1,300,000 | +16.1% | -- | |
| 04/20/2021 04/20/21 | Sold | $1,120,000 | 0.0% | $273 / Sq Ft | View Prior Sale |
| 03/15/2021 03/15/21 | Pending | -- | -- | -- | |
| 02/19/2021 02/19/21 | For Sale | $1,120,000 | +23.8% | $273 / Sq Ft | |
| 12/31/2020 12/31/20 | Sold | $905,000 | -4.7% | $221 / Sq Ft | View Prior Sale |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- | |
| 11/25/2020 11/25/20 | Price Changed | $949,900 | +18.8% | $232 / Sq Ft | |
| 11/24/2020 11/24/20 | For Sale | $799,900 | -- | $195 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Old Republic Title | |
| Special Warranty Deed | $1,120,000 | Old Republic Title Agency | |
| Warranty Deed | $905,000 | Great American Ttl Agcy Inc | |
| Warranty Deed | -- | Master Title | |
| Cash Sale Deed | $275,000 | North American Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $352,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7003723
APN: 138-11-036
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.