525 W PEBBLE BEACH Drive, Tempe, AZ 85282
$1,800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,800,000
Last Modified:
5/15/2025
Description
This listing contains 2 , 4-plexes. Each unit has its own address. The addresses are 525, 527, 529, 531, 533, 535, 537,and 539. 533 - 539 have individual water meters. The other 4 share one meter. There are 3 buildings, the 2 four plexes and the third building is a laundry room and office/workspace. There are 2 separate APNs. 525 W. Pebble Beach Dr (APN:123-45-141) & 533 W. Pebble Beach Dr (APN 123-45-142). There are 8 two bedroom one bath units with approximately 900 sq. ft. per unit. Single level units with dual pane windows, vaulted ceilings, private patios, and one covered parking space per unit. The units are always occupied and most are long term tenants. 5 of the 8 units have had some updating.
More Information MLS# 6647494
Contract Info
Current Price: $1,800,000
Sold Price: $1,800,000
Status: Closed
List Date: 2024-01-08
Ownership: Fee Simple
Location Tax Legal
House Number: 525
Compass: W
Street Name: PEBBLE BEACH
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4826
Country: US
County Code: Maricopa
Subdivision: LAGUNA ESTATES 2
Assessor Number: 123-45-141
Tax Year: 2023
General Property Description
Lot Size Dimensions: 110X90X120X76
Year Built: 1973
Uncvrd Parking Spcs: 6
Total # of Units: 8
# of Buildings: 3
Zoning: R-3R
Flood Zone: No
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks Misc
Cross Street: SOUTHERN AND ROOSEVELT
Directions: South on Roosevelt to Pebble Beach. Units are on the SE corner.
Geo Lat: 33.390825
Geo Lon: -111.947321
Status Change Info
Status Change Date: 2024-03-01
Off Market Date: 2024-03-01
Under Contract Date: 2024-02-12
Close of Escrow Date: 2024-03-01
Sold Price: $1,800,000
Legal Info
Township: 1N
Range: 4E
Section: 33
Lot Number: 8
Income Expenses
Gross Annual Sch Inc: 94672.8
Net Operating Income: 90672.8
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1000
Avg SqFt: 900
# Baths: 1
Contact Info
List Agent Home Phn: 480-820-5959
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition; Rolled
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool; Manager Res/Office
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Amenities: Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: On Street; 1 Space/Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
New Financing: CTL; Conventional; 1031 Exchange
Environmental: None
Listing Office: Superlative Realty
Last Updated: May - 15 - 2025
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