1500 E Dana Avenue, Mesa, AZ 85204
1500 E Dana Avenue, Mesa, AZ 85204
1500 E Dana Avenue, Mesa, AZ 85204
1500 E Dana Avenue, Mesa, AZ 85204
1500 E Dana Avenue, Mesa, AZ 85204
1500 E Dana Avenue, Mesa, AZ 85204
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Jenny Spencer

Jenny Spencer

+1(587) 890-0965
$ 1,300,000
Est. payment | /mo
Save
$ 1,300,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 7003723

Year Built 1971

Annual Tax Amount $1,883

Tax Year 2025

Lot Dimensions 148x314

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Area Maricopa

Zoning RM-2

Direction From the intersection of Stapley Dr & Main St, head south on Stapley, turn left onto Dana St. Property is on your left.

Interior

Heating Individual, Electric

Cooling Central Air, Electric, Individual

Flooring Ceramic Tile

Appliance Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 138-11-036

Acceptable Financing Conventional, 1031 Exchange

Disclosures None

Listing Terms Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Orion Investment Real Estate • Jackson Everhart

Nearby Locations

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+1(587) 890-0965
1816 crowchild trail nw # 700 Calgary T2M3Y7, Canada
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1500 E Dana Avenue