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For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

1100 N CALIFORNIA Street
Chandler, Arizona AZ 85225-6676
Sold For: $930,000
Listing ID 6468311
Status Closed
Year Built 1971

Property Description:

Proven Value-Add fourplex located near Downtown Chandler. Owner has made significant capital improvements to the property. New sewer lines, addition of private yards, next exterior stucco and paint, new landscaping, and one unit fully renovated with washer and dryer in unit. Leases on unrenovated units are expiring January 2023, can complete remaining unit renovations quickly.

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: OLSEN ADDITION
Year Built: 1971
Zoning: MF-2

Interior

2 Bedroom Units # Baths: 1
2 Bedroom Units Avg SqFt: 800
Cooling: Individual, Electric, Ceiling Fan(s)
Cooling: yes
Heating: Electric
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: West on Ray, North on California
Elementary School District: Chandler Unified District
General Property Description Elementary School District2: Chandler Unified District
General Property Description High School District: Chandler Unified District
High School District: Chandler Unified District
Postal City: Chandler
Township: 1S
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Stucco, Block
Electric: SRP, Individual Meter
General Property Description # of Buildings: 1
General Property Description Lot Size Dimensions: 8006
General Property Description Total # of Units: 4
General Property Description Uncvrd Parking Spcs: 6
Lot Size Dimensions: 8006
Number Of Buildings: 1
Number Of Units Total: 4
Open Parking Spaces: 6
Parking Features: 1 Space/Unit, Street Parking
Parking Total: 6
Road Surface Type: Asphalt, Sidewalk(s), Alley
Roof: Rolled/Hot Mop
Sewer: Public Sewer

Additional

Mls Status: Closed
Public Survey Range: 5E
Public Survey Section: 21

Financial

2 Bedroom Units Avg Rent: 1670
Cap Rate: 6.18
Disclosures: None
Gross Income: 76380
Gross Scheduled Income: 76800
Insurance Expense: 1200
Listing Terms: Conventional, FHA
Maintenance Expense: 7685
Net Operating Income: 58679
Operating Expense: 17702
Owner Pays: Trash Collection, Water, Sewer
Professional Management Expense: 3828
Tax Annual Amount: 1389
Tax Book Number: 302.00
Tax Lot: 33
Tax Year: 2022
Tenant Pays: Electricity, Cable TV
Trash Expense: 1300
Water Sewer Expense: 2300

Zoning Info


Contact - Listing ID 6468311

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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