Seller's Agent in 2026
Jackson Everhart
Orion Investment Real Estate
(480) 634-6934
1 in this area
30 Total Sales
1500 E Dana Ave Mesa, AZ 85204
Reed Park Neighborhood
--
Bed
--
Bath
4,100
Sq Ft
1971
Built
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of April 2026La 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.
Last Agent to Sell the Property
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
- Tenant pays for electricity
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 25, 2026
Closed on
Apr 14, 2026
Sold by
La Jolla Villas Llc
Bought by
Morton Rock Kappa Llc
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Victoria Miachika
REI Marketing
List Price
$1,300,000
Sold Price
$1,260,000
Premium/Discount to List
-$40,000
-3.08%
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.16%
Purchase Details
Closed on
Sep 8, 2021
Sold by
Andrew Otero
Bought by
La Jolla Villas Llc
Purchase Details
Listed on
Feb 19, 2021
Closed on
Apr 14, 2021
Sold by
Cabrera Michael and Cabrera Andrea
Bought by
Otero Andrew
Seller's Agent
Joshua Willets
Get Multifamily
Buyer's Agent
Sophia Baron
Get Multifamily
List Price
$1,120,000
Sold Price
$1,120,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.06%
Purchase Details
Listed on
Nov 24, 2020
Closed on
Dec 29, 2020
Sold by
Mortensen Homes Llc
Bought by
Cabrera Michael and Cabrera Andrea
Seller's Agent
Autumn Mortensen
DPR Realty LLC
Buyer's Agent
Houstin Engstrom
Delex Realty
List Price
$799,900
Sold Price
$905,000
Premium/Discount to List
$105,100
13.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.50%
Purchase Details
Closed on
Sep 3, 2004
Sold by
Mortensen Richard and Mortensen Gloria
Bought by
Mortensen Homes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2003
Sold by
Jeffery Stephen J
Bought by
Mortensen Richard and Mortensen Gloria
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,224,000 | Old Republic Title Agency | |
| 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 |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $352,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2026 04/22/26 | Sold | $1,260,000 | -3.1% | $307 / Sq Ft | |
| 03/27/2026 03/27/26 | Pending | -- | -- | -- | |
| 03/25/2026 03/25/26 | For Sale | $1,300,000 | +16.1% | $317 / Sq Ft | |
| 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 |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 |
Source: Public Records
Agents Affiliated with this Home
-
Jackson Everhart
-
Victoria Miachika
Buyer's Agent in 2026
Victoria Miachika
REI Marketing
(602) 459-0353
1 in this area
11 Total Sales
-
Joshua Willets
Seller's Agent in 2021
Joshua Willets
Get Multifamily
(561) 473-4477
16 Total Sales
-
Sophia Baron
Seller Co-Listing Agent in 2021
Sophia Baron
Get Multifamily
(480) 375-0227
65 Total Sales
-
S
Buyer's Agent in 2021
Sophia Willets
Grace CRE
-
Autumn Mortensen
Seller's Agent in 2020
Autumn Mortensen
DPR Realty
(480) 213-5647
1 in this area
7 Total Sales
Map
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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