1628 E LA JOLLA Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 4 bath
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Tempe, AZ 85282
This Spacious Multi-Level Residence represents a High-Potential Investment Opportunity, listed at $620,000—positioned well above the $599,068 Fair Market Value by 3%. While the property lacks immediate equity, its Fair Condition Rating and versatile layout—featuring a finished basement with a fourth bedroom and private alley access—provide significant value-add potential. Located in a high-demand area near ASU with No HOA, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating asset in the heart of Tempe.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1628 E LA JOLLA Drive Subject | $620,000* List Price | 4 | 4 | 2,648 | $226 | - |
A 1874 E GENEVA Drive Sold | $548,000 | 3 | 2 | 2,336 | $235 | 0.6 mi |
B 1122 E GENEVA Drive Sold | $535,000 | 4 | 2 | 1,924 | $278 | 0.6 mi |
C 1237 E La Jolla Drive Sold | $505,000 List Price | 3 | 2 | 1,912 | 0.4 mi | |
D 3922 S POPLAR Street Active | $568,000 List Price | 4 | 4 | 2,320 | $245 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, this property is well-maintained and functional but shows clear signs of being dated. While the description mentions modern appliances, the cabinetry, bathroom fixtures, and flooring appear to be over 20 years old or from a mid-range renovation that has since aged. It fits the 'Fair' criteria as a move-in ready home that requires cosmetic updates and minor repairs to meet current market standards.
The rare finished basement features a fourth bedroom, full bath, and large entertaining area, providing an ideal setup for multi-generational living, guests, or a high-yield rental opportunity.
Situated in the heart of Tempe near ASU and major highways, this property offers the significant advantage of no HOA fees or restrictions, allowing for greater homeowner flexibility.
The inclusion of gated rear alley access adds unique functionality to the private backyard, offering convenient entry for additional vehicles, equipment, or storage needs.
Originally constructed in 1969, the home may require ongoing maintenance or updates to aging infrastructure and systems to meet modern efficiency standards.
With 32 days on the market and a recorded price adjustment, the property may be experiencing slower buyer traction, potentially signaling a disconnect between condition and current pricing.
Whether you're looking for a primary residence or a strong rental opportunity, this property is a GREAT value in a desirable location - with NO HOA!! Located in the heart of Tempe, this well-maintained 4 bedroom, 3.5 bath home offers a versatile layout, giving you flexibility and fewer restrictions. The main level features a bright, open living area and a spacious kitchen with modern appliances and plenty of storage. Upstairs, you'll find 3 bedrooms, including a comfortable primary suite. The finished basement expands your options with a 4th bedroom, full bath, and a large living/entertaining space - ideal for guests, a private suite, or additional living space. A versatile bonus room is also located downstairs, ideal for use as a craft space or home office. Enjoy a private backyard perfect for relaxing or hosting, with the added convenience of a gated rear alley access for easy entry and extra functionality. Close to major highways, ASU, and dining / shopping. Priced to sell! This one won't last!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 4.0 | 2.0 | 98% |
| Square foot | 2,648 | 1,669 | 94% |
| Lot Size | 7,453 | 8,355 | 29% |
| Price | $620.0K | $185.8K | 88% |
| Price per sq ft | $234 | $112 | 54% |
| Built year | 1969 | 1970 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 2445 | 2% |
Apr 11, 2026
$620,000
Initial Listing