$1,300,000

1500 E Dana Avenue, Mesa, AZ 85204

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 days ago

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.

Listing Status:
Pending
Date Added:
March 25, 2026
Data Last Updated:
April 2, 2026 at 7:07AM
Listing Office:
Orion Investment Real Estate : 480-634-6934
Listing Agent:
Jackson Everhart : (970) 219-3038
MLS ID:
7003723
  • Flooring: TileLaminateCeramic Tile
  • A/C: Central AirElectricIndividual
  • Heating: IndividualElectric
  • Parking: >1 Space Per UnitParking spaces: 14
  • Roofing: Composition
  • General: PaintedBlock
  • Road/Access: AsphaltGravel
  • Originating MLS: Arizona Regional Multiple Listing Service 2
  • County: Maricopa
  • Zoning: RM-213811036
  • Water: City Franchise
  • Sewer: Public Sewer
  • Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Jackson Everhart , Orion Investment Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Longfellow Elementary School

345 S Hall, Mesa, AZ, 85204

Grades KG-6

0.46 miles away

K

Kino Junior High School

848 N Horne, Mesa, AZ, 85203

Grades 7-8

1.56 miles away

M

Mesa High School

1630 E Southern Ave, Mesa, AZ, 85204

Grades 9-12

1.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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