521 W PEBBLE BEACH Drive, Tempe, AZ 85282 (MLS# 5949684)

521 W PEBBLE BEACH Drive, Tempe, AZ 85282

$695,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $695,000 Last Modified: 5/04/2026

Overview

Description

Amazing fully remodeled triplex in the heart of Tempe! This property has one 4 bedroom 2 bath home with a pool that has just been updated to pebble tech and new pool deck and also has a two car garage. The other two units are both two bedroom one bath units with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an amazing residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 5,000. This building is preforming at 7% cap on actual numbers. Drive by only all facts and figures are approx

Supplements: approximate please verify MLS information

Listing Details MLS# 5949684

Location, Tax & Legal

Map Code/Grid: R36
House Number: 521
Compass: W
Street Name: PEBBLE BEACH
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4826
Country: US
County Code: Maricopa
Subdivision: LAGUNA ESTATES 2
Assessor Number: 123-45-140
Tax Year: 2018
Assessor's Map #: 45
Legal Description (Abbrev): LOT 7 LAGUNA ESTATES 2 MCR 012409
Assessor's Parcel #: 140
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2200
Legal: LAGUNA ESTATES 2
Marketing Name: LAGUNA ESTATES APARTMENTS

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 9596
Year Built: 1972
Total # of Units: 3
# of Buildings: Yes
Elementary School District: Tempe Elementary School District
Elementary School: Carminati School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Southern & Mill
Directions: Head west on Southern and turn left on Roosevelt St, turn left on Pebble Beach Dr - home is on the right

Status Change Info

Off Market Date: 2019-12-20
Under Contract Date: 2019-11-14
Close of Escrow Date: 2019-12-19

Legal Info

Township: 1N
Range: 4E
Section: 33
Lot Number: 7

More Information

Income Expenses

Gross Annual Sch Inc: 60000
Net Operating Income: 48300

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 775
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 2200

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Tri-Plex: Yes

Construction

Block: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes

Floors

Concrete: Yes

Sale Includes

Land & Building: Yes
Pool Equipment: Yes

Income & Expenses

Annual Elec Exp: 600
Annual Gas Exp: 0
Annual Ins Exp: 600
Annual Land Lse Exp: 0
Annual Landscape Exp: 700
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 2400
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2200
Operating Exp: 11700
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 60000
Total Monthly Rental Income: 5000

Pmt & Rate Info

Cap Rate: 6.9
Down Payment: 0
Equity: 700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Private Road: Yes

Source of Fincl Data

Unknown: Yes

Water Source

City Franchise: Yes
Individual Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
Carport: Yes
On Street: Yes
>1 Space Per Unit: Yes
Garage Door Opener: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Landscaping: Yes
Pool Maintenance: Yes

New Financing

No Carry: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Stucco Roofing: Built-Up Floors: Concrete Sale Includes: Land & Building; Pool Equipment Community Features: Pool Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Garage; Carport; On Street; >1 Space Per Unit; Garage Door Opener Road Access Type: Private Road Owner Pays: Landscaping; Pool Maintenance Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Unknown Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: No Carry; 1031 Exchange; Other (See Remarks) Environmental: None

Listing Office: Grace CRE

Last Updated: May - 04 - 2026