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$1,260,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 1500 E Dana Ave

General

  • Sold For: $1,260,000
  • Taxes: $1,883 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7003723
  • Added to Site: 59 day(s) ago

Interior

  • Appliances: Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer
  • Flooring: Tile, Laminate, Ceramic Tile

Parking

  • Parking Features: >1 Space Per Unit

Location

  • County: Maricopa
  • Cross Streets: Stapley and Main

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric, Individual
  • Heating Type: Individual, Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 2
  • Exterior Const.: Painted, Block
  • Roof: Composition
  • Year Built: 1971

Lot Features

  • Lot Dimensions: 148 x 314
  • Frontage: Asphalt, Gravel
  • Zoning: RM-2

Financial Considerations

  • Tax Amount: $1,883.97
  • Tax Year: 2025
  • Terms: Conventional, 1031 Exchange
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Multiple Parcels: Yes
  • Property ID: 138-11-036
  • Lot Number: 8

Listed by Orion Investment Real Estate
Sold by REI Marketing

Listing agent

— 1500 E Dana Ave —

  • Orion Investment Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1500 E Dana Ave

School District:Mesa Unified District
NameGradesDistance
Longfellow Elementary School
345 South Hall, Mesa, AZ 85204
K-60.4 mi
Poston Junior High School
2433 East Adobe Street, Mesa, AZ 85213
7-81.6 mi
Mesa High School
1630 East Southern Avenue, Mesa, AZ 85204
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1500 E Dana Ave

Date
Details
Price
Change
Source
4/22/2026
Sold
$1,260,000
-3.08%
MLS
3/25/2026
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Orion Investment Real Estate
Sold by REI Marketing

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1500 E Dana Avenue, Mesa, AZ 85204 (MLS# 7003723) is a Multi-Family property that was sold at $1,260,000 on April 22, 2026. Want to learn more about 1500 E Dana Avenue? Do you have questions about finding other Multi-Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.