AZ
Maricopa
Mesa
85204
1500 E Dana Avenue
1500 E Dana Avenue, Mesa, AZ 85204
Share Listing
Listing Type
Multi Family
Listing Status
Pending
11
$1,300,000

Home Details for 1500 E Dana Avenue

Price
$1,300,000
Type
Residential Income
Year built
1971
County
Maricopa
Listing #
7003723
Listing Courtesy: Orion Investment Real Estate - 480-634-6934
Property Description

La Jolla Villas offers a rare opportunity to acquire a partially renovated multifamily asset with both immediate upside and long-term growth potential. Located at 1500 E Dana Ave in Mesa, AZ, the property features 7 garden-style units renovated in 2022, paired with approved site plans for 8 additional 2bed/2bath units on the adjacent parcel, one of the most sought-after unit types in today's rental market. The existing unit mix (1 studio, 1 bed/1bath, 3 2bed/1bath, 1 2bed/1.5bath, and 1 3bed/2bath) provides immediate income stability, while the entitled development component offers a clear path to increased density and long-term value creation.

Property Features
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Electric
  • Water Features
    • Public
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Last Updated: 2026-03-27 19:26:48
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EXIT REALTY - REALTY PLACE
501 E. Plaza Circle Suite P, Litchfield Park, AZ 85340
Brian Smith
License #: SA652841000
REALTOR
Office
623 412 8500
Agent
623 680 0591
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