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Casa La Jolla 7107-7113 N 53rd Ave 18 Unit Apartment Building $3,431,000 CAD ($190,611 CAD/Unit) Glendale, AZ 85301
Investment Highlights
- Individually metered for electricity (studio unit excluded)
- Two on-site laundry facilities for resident convenience
- Ground-floor residences feature private fenced backyards
- Well-designed studio, one-bedroom, and two-bedroom floor plans
Executive Summary
Competitive Seller Carryback Financing is available for a qualified buyer. Based on a 2025 actual NOI of approximately $125,000, the offering provides an investor with a 6.0%+ cap rate at close of escrow.
Casa La Jolla is an 18-unit apartment community near historic Downtown Glendale, offering solid block construction, broad workforce housing appeal, and a true value-add opportunity supported by strong fundamentals and steady tenant demand.
Casa La Jolla is an 18-unit apartment community near historic Downtown Glendale, offering solid block construction, broad workforce housing appeal, and a true value-add opportunity supported by strong fundamentals and steady tenant demand.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $3,431,000 CAD | Building Class | C |
| Price Per Unit | $190,611 CAD | Lot Size | 0.77 AC |
| Sale Type | Investment | Building Size | 11,585 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3 - R3, Glendale | ||
| Price | $3,431,000 CAD |
| Price Per Unit | $190,611 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 11,585 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - R3, Glendale |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,167 CAD | 425 |
| 1+1 | 9 | $1,304 CAD | 600 |
| 2+1 | 8 | $1,578 CAD | 720 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 147-16-030E | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $87,477 CAD |
Property Taxes
Parcel Number
147-16-030E
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$87,477 CAD
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Casa La Jolla | 7107-7113 N 53rd Ave
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