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1500 E Dana Avenue, Mesa, AZ 85204

View property features, location on map, relevant school information and overview from seller's agent.

Listed byOrion Investment Real Estate
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Year built
1971

Utilities

Heating
Electric
Cooling
Central air, Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$1,883.97

Public schools

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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 7003723 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.