NOT LISTED FOR SALE

503 W Pebble Beach Dr Tempe, AZ 85282

West Tempe Neighborhood

Estimated Value: $856,000 - $1,742,000

-- Bed
4 Baths
900 Sq Ft
$1,304/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $850,000 $944 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,496/month

44 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available

About This Home

As of June 2021

Updated 4 plex in the heart of Tempe. Fully rented with 900+ square feet per apartment plus patios at the entrance of each unit. Laundry room has one washer and dryer. Units have been updated with new flooring, windows, kitchens and baths. 2 bedrooms 1 bath with beautiful vaulted ceilings. 1 covered parking spot for each unit. Please do not disturb occupants.

Last Agent to Sell the Property

Matthew Haislip

AZ Brokerage Holdings, LLC License #SA676804000 Listed on: 03/19/2021

Last Buyer's Agent

Staci Smedstad

DeLex Realty License #BR534053000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,035

Year Built

  • Built in 1977

Lot Details

  • 10,454

Home Design

  • Composition Roof
  • Stone Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 123-45-138

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 10454
  • Laguna Estates 2 Subdivision

Building Details

  • Operating Expense $4,484
  • Gross Income $49,946
  • Net Operating Income $45,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,035

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: Southern and Mill
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3R
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: LAGUNA ESTATES 2
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition, Rock, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Assigned, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • 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:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1223.72

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 10454
  • Additional Parcels: No
  • Parcel #: 123-45-138

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 49946.25
  • Property Net Operating Income: 45462.53
  • Annual Operating Expense: 4483.72
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3035.0
  • Tax Book Number: 123.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2013
Sold by
Ly Tuong An and Ho Sandy Muoi
Bought by
Ly Tuong An and Ho Sandy Muoi
Current Estimated Value
$1,173,806

Purchase Details

Closed on
Jan 23, 2006
Sold by
O E Nelson Enterprises 1983 Ltd
Bought by
Ly Tuong An and Ho Sandy Muoi
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Ly Tuong An -- None Available
Ly Tuong An $400,000 North American Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/11/2021 06/11/21 Sold $850,000 -5.5% $944 / Sq Ft
04/14/2021 04/14/21 Price Changed $899,000 -2.8% $999 / Sq Ft
03/27/2021 03/27/21 Price Changed $925,000 -2.6% $1,028 / Sq Ft
03/19/2021 03/19/21 For Sale $950,000 +111.1% $1,056 / Sq Ft
10/09/2018 10/09/18 Sold $450,000 0.0% $500 / Sq Ft View Prior Sale
09/24/2018 09/24/18 Price Changed $450,000 -7.2% $500 / Sq Ft
09/24/2018 09/24/18 For Sale $485,000 0.0% $539 / Sq Ft
09/24/2018 09/24/18 Price Changed $485,000 0.0% $539 / Sq Ft
08/18/2018 08/18/18 Pending -- -- --
07/23/2018 07/23/18 Price Changed $485,000 -3.0% $539 / Sq Ft
07/12/2018 07/12/18 Price Changed $499,900 -4.8% $555 / Sq Ft
06/11/2018 06/11/18 Price Changed $524,900 -4.5% $583 / Sq Ft
05/20/2018 05/20/18 For Sale $549,900 -- $611 / 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 $3,280 $29,281 -- --
2024 $3,241 $27,887 -- --
2023 $3,241 $81,970 $16,390 $65,580
2022 $3,108 $58,710 $11,740 $46,970
2021 $3,130 $43,460 $8,690 $34,770
2020 $3,035 $38,380 $7,670 $30,710
2019 $2,977 $34,780 $6,950 $27,830
2018 $2,903 $36,030 $7,200 $28,830
2017 $2,817 $31,030 $6,200 $24,830
2016 $2,797 $29,700 $5,940 $23,760
2015 $2,686 $29,650 $5,930 $23,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6209588

Arizona Regional Multiple Listing Service (ARMLS)

APN: 123-45-138