1014 N CALIFORNIA Street, Chandler, AZ 85225 (MLS# 6635709)

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1014 N CALIFORNIA Street, Chandler, AZ 85225

Property Type: Multiple Dwellings Status: Active
Current Price: $2,999,999 Last Modified: 11/30/2023


Well kept investment property located near Downtown Chandler. All units are currently tenant occupied. All tenants are on a month to month lease. Sold As Is. No CarryBack

More Information MLS# 6635709

Contract Info

Current Price: $2,999,999 List Price: $2,999,999 Status: Active List Date: 2023-11-30 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 1014 Compass: N Street Name: CALIFORNIA St Suffix: Street City/Town Code: Chandler State/Province: AZ Zip Code: 85225 Zip4: 6680 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 25 OLSEN ADDITION MCR 008123 Subdivision: OLSEN ADDITION Assessor's Map #: 73 Assessor's Parcel #: 25 Assessor Parcel Ltr: A Add'l Parcels: Yes Assessor Number: 302-73-025-A Legal: LOT 25 OLSEN ADDITION MCR 008123 Census Tract: 523003 Tax Municipality: Chandler Taxes: 5358 Tax Year: 2023 Marketing Name: California Apartments

General Property Description

Lot Size Dimensions: 13113 Year Built: 1966 Uncvrd Parking Spcs: 21 Total # of Units: 21 # of Buildings: 2 Zoning: mf-2 Elementary School District: Chandler Unified District High School District: Chandler Unified District

Remarks & Misc

Cross Street: Ray Rd and Arizona Ave Di Directions: West on Ray Rd and north on California St. Geo Lat: 33.320909 Geo Lon: -111.844875

Status Change Info

Status Change Date: 2023-11-30

Legal Info

Township: 1S Range: 5E Section: 21 Lot Number: 25

Income & Expenses

Annual Elec Exp: 1100 Annual Gas Exp: 4100 Annual Ins Exp: 4300 Annual Landscape Exp: 1300 Annual Trash Exp: 4700 Annual Wtr/Swr Exp: 4300 Owner Association: No Operating Exp: 25158 Gross Annual Sch Inc: 207400 Other Income: 3200 Adjusted Gross Inc: 210600 Net Operating Income: 185442

Pmt & Rate Info

Cap Rate: 6.18 Equity: 2999999

Showing Notification Methods

Showing Service: No Showing Service Used

Efficiency Units

# Efficiency Units: 16 Avg Rent: 900 Avg SqFt: 350 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 1000 Avg SqFt: 700 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1100 Avg SqFt: 950 # Baths: 1

Contact Info

List Agent Home Phn: 520-233-2894

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Comp Shingle; Foam Floors: Ceramic Tile Sale Includes: Laundry Equipment Community Amenities: No Pool Exterior Amenities: Landscape Wtr System; Green Landscaping; Patio/Balcony; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s) Appliances Included: F/S Oven/Range; Refrigerator Heating: Window/Wall Unit(s) Cooling: Window/Wall Unit Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking: 1 Space/Unit Roads/Streets: Gravel; Concrete Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: Electric Source of Fincl Data: Provided by Owner Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable New Financing: Conventional; No Carry Reports/Disclosures: Seller Prop Disc Stm Environmental: None
Listing Office: DeLex Realty
Last Updated: November - 30 - 2023
1014 N CALIFORNIA Street, Chandler, AZ 85225- MLS# 6635709
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