$1,600,000
SOLD AUG 30, 2019

1942 W Berridge Ln Phoenix, AZ 85015

Alhambra Neighborhood
-- Bed
-- Bath
900 Sq Ft
1963 Built

Recently Sold

$1,778 Per Sq Ft

3% Below List Price

139 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heat Pump System
  • Washington High School Rated A-
  • Ceramic Tile Flooring

About This Home

As of August 2019

Beverly Palms is an attractive low-density apartment community consisting 100% spacious 2-bedroom rental units. Significant systems upgrades were completed in 2014 to include the installation of ceramic tile flooring, modern lighting fixtures, new appliances, exterior sunscreens, and steel-framed
security doors. Exterior renovations include recently replaced HVAC units,
recoating of the built-up roofs, slurry sealing the parking lot, exterior
repainting, fascia, pedestrian gates, and modern exterior lighting, new decking, and a large gazebo with picnic table. Recent upgrades include new electrical service panels and water lines. Heavy unit interior upgrades have also begun. With 100% spacious (900 SF) 2-bedroom floor plans, Beverly Palms 12 is well-suited for continued value add efforts

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 01/25/2019

Co-Listed By

Arvle Knight

Transworld Business Advisors of Phoenix NE License #BR535084000

Last Buyer's Agent

Zack Mishkin

Orion Investment Real Estate License #SA566430000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,797

Year Built

  • Built in 1963

Lot Details

  • Property fronts an alley

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 16 Parking Spaces
  • 12 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 156-13-084-A

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are irreg
  • Park Maryland Amd Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $32,533
  • Gross Income $135,945
  • Net Operating Income $104,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,797

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Bethany Home and 19th Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2018
  • Directions: I-17 to Bethany Home Road, East to 21st Avenue, north to Berridge Lane, East to property (on left)
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 7100.0
  • Co List Office Mls Id: klcg01
  • Co List Office Phone: 602-445-4141
  • Subdivision Name: PARK MARYLAND AMD
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 2332.0
  • Annual Water Sewer Expense: 6012.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: No
  • Parcel #: 156-13-084-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 1231.0
  • Annual Gross Income: 135945.0
  • Insurance Expense: 3215.0
  • Maintenance Expense: 4166.0
  • Property Net Operating Income: 104161.0
  • Annual Operating Expense: 32533.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4797.0
  • Tax Book Number: 156.00
  • Tax Lot: 8

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $2,530,000 -0.8% --
05/12/2025 05/12/25 For Sale $2,550,000 +59.4% --
08/30/2019 08/30/19 Sold $1,600,000 -3.0% $1,778 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $1,649,000 -- $1,832 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Arambula

    Seller's Agent in 2025

    Andrew Arambula

    ABI Multifamily

    (602) 513-5200

    4 in this area

    51 Total Sales

    Andrew Arambula
    Section Image
  • Tom Palestina

    Seller Co-Listing Agent in 2025

    Tom Palestina

    ABI Multifamily

    (602) 714-1400

    1 in this area

    35 Total Sales

    Tom Palestina
    Section Image

  • S

    Seller's Agent in 2019

    Scott Trevey

    REI Marketing

  • A

    Seller Co-Listing Agent in 2019

    Arvle Knight

    Transworld Business Advisors of Phoenix NE

    Section Image
  • Zack Mishkin

    Buyer's Agent in 2019

    Zack Mishkin

    Orion Investment Real Estate

    (602) 363-6363

    5 Total Sales

    Zack Mishkin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5877450

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85015 Alhambra

1942 W Berridge Ln, Phoenix, AZ

This home is located at 1942 W Berridge Ln, Phoenix, AZ 85015 and is currently priced at $1,600,000, approximately $1,777 per square foot. This property was built in 1963. 1942 W Berridge Ln is a home located in Maricopa County with nearby schools including Maryland Elementary School, Washington High School, and Pensar Academy.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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