3646 E Montecito Avenue, Phoenix, AZ 85018 (MLS# 5729008)

3646 E Montecito Avenue, Phoenix, AZ 85018

$815,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $815,000 Last Modified: 8/05/2026

Overview

Description

This is an excellent opportunity to own in the highly desirable Arcadia area. Fantastic opportunity for long or short term rental income. This quad consists of all two bedroom units (1 x 2/2 + den + enclosed patio, 2 x 2/1, 1 x 2/1 with private yard.) that have been upgraded throughout. All units have dual entry, private storage, and covered parking. Property has been meticulously maintained. Do not disturb tenants. Drive by only. Please provide proof of funds upon submitting an offer. Seller motivated and would like to close by end of August.

Listing Details MLS# 5729008

Location, Tax & Legal

Map Code/Grid
P35
House Number
3646
Compass
E
Street Name
Montecito
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
4020
Country
US
County Code
Maricopa
Subdivision
PASADENA MANOR
Assessor Number
170-26-034
Tax Year
2017
Building Number
3646
Assessor's Map #
26
Legal Description (Abbrev)
LOT 7 PASADENA MANOR MCR 007816
Assessor's Parcel #
34
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
108302
Taxes
3754
Legal
LOT 7 PASADENA MANOR MCR 007816
Marketing Name
Montecito Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11,285 sq ft.
Year Built
1960
Uncvrd Parking Spcs
2
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
Indian School & 36th Street
Directions
North to Montecito, East to property

Status Change Info

Off Market Date
2018-09-17
Under Contract Date
2018-08-28
Close of Escrow Date
2018-09-21

Legal Info

Township
2N
Range
3E
Section
24
Lot Number
7

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1400
Avg SqFt
956
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
67200
Net Operating Income
53596

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Building(s) Only
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
620
Annual Gas Exp
0
Annual Ins Exp
2151
Annual Land Lse Exp
0
Annual Landscape Exp
1487
Annual Legal & Acctg
0
Annual Maint Exp
874
Annual Mgmt Exp
0
Annual Trash Exp
1284
Annual Wtr/Swr Exp
1634
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
504
Operating Exp
12308
Other Income
720
Vacancy Allowance
0.03
Adjusted Gross Inc
65882.4

Pmt & Rate Info

Cap Rate
6.38
Down Payment
0
Equity
840000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Natural Gas
Yes
Individual
Yes

Cooling

Electric
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes
Trash Compactor
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

VA
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Trash Compactor Heating: Natural Gas; Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Existing 1st Loan: VA Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: None
IDX
Listing Office: Joseph A Morgan
Last Updated: August - 05 - 2026
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