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1014 N CALIFORNIA Street, Chandler, AZ 85225

$2,675,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,675,000 Last Modified: 9/10/2024

Description

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: $2,675,000 Sold Price: $2,675,000 Status: Closed List Date: 2023-11-30 Ownership: Fee Simple

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 County Code: Maricopa Subdivision: OLSEN ADDITION Assessor Number: 302-73-025-A Tax Year: 2023

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

Off Market Date: 2024-08-16 Under Contract Date: 2024-07-15 Close of Escrow Date: 2024-09-09 Sold Price: $2,675,000

Legal Info

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

Income Expenses

Gross Annual Sch Inc: 207400 Net Operating Income: 185442

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

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Closing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition; Foam Floors: Ceramic Tile Sale Includes: Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Wtr System; Green Landscaping; Patio/Balcony; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Window/Wall Unit(s) Cooling: Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable New Financing: Conventional; No Carry Environmental: None

Listing Office: DeLex Realty

Last Updated: September - 10 - 2024

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