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1500 E Dana Avenue Mesa, AZ $ 1,300,000
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$ 1,300,000 Get more info
1500 E Dana Avenue
$ 1,300,000
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1500 E Dana Avenue

Mesa, AZ, 85204
$ 1,300,000
Baths0.0

Monthly Estimate*

$ 8,004

1500 E Dana Avenue, Mesa, AZ 85204 - Image 1
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Studio

Multi-Family Home for sale in Mesa, AZ

for $1,300,000. This home was built in 1971.

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.

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,883

Style

Multiple Dwellings

Year Built

1971

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7003723
Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Central Air Electric Individual
Roof Composition
Zoning RM-2
Construction Materials Painted Block
Year Built 1971
Electric SRP
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 116340.0
Community Features No Pool
County Maricopa
Net Operating Income 87255.0
Operating Expense 1883.97
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Active
Directions From the intersection of Stapley Dr & Main St head south on Stapley turn left onto Dana St. Property is on your left.
City Mesa
Disclosures None
Open Parking Spaces 14.0
Number Of Units Total 15
Carport Y/N N
Tax Annual Amount 1883.97
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 8
Cap Rate 6.71
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile Laminate Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 14.0
Number of Buildings 2
Spa N
Lot Dimensions 148x314
Road Surface Type Asphalt Gravel
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1500
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* Excluded Features
List By
Orion Investment Real Estate

Broker

jackson.everhart@orionprop.com

Email

Affordability Calculator

$8,161
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$157
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/25/2026$1,300,000 Listed Price

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1500 E Dana Avenue, Mesa, AZ, 85204 is a Multi-Family Home for sale at $1,300,000. 1500 E Dana Avenue is a studio with 0.0 baths and was built in 1971. The property's zip code is 85204 which is in Mesa, AZ

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