4325 E SHANGRI LA Road, Phoenix, AZ 85028, Phoenix, 85028 - 4 bed, 2 bath
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Phoenix, AZ 85028
This property presents a High-Potential Investment Opportunity with a List Price of $840,000—positioned above the $759,758 Fair Market Value by 10%. While the property requires significant capital for a full interior overhaul, its Condition Rating of 5 reflects a fully gutted state that eliminates demolition costs. The expansive 19,321 sqft lot provides substantial room for value-add expansions or outdoor amenities. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive, high-margin renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4325 E SHANGRI LA Road Subject | $840,000* List Price | 4 | 2 | 2,270 | $335 | - |
A 11621 N 39TH Street Sold | $700,000 | 4 | 2 | 2,206 | $317 | 0.7 mi |
B 4114 E DESERT Cove Sold | $855,300 | 4 | 2 | 2,179 | $393 | 0.3 mi |
C 4001 E HANCOCK Drive Active | $705,000 List Price | 4 | 2 | 2,306 | $306 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975, this property is currently in a fully gutted state and is unlivable. It requires a total rehab as there are no functional kitchen or bathrooms, and the electrical and HVAC systems are exposed and incomplete.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19321, living area = 2270.
The property sits on a generous 19,321 sqft lot, providing ample space for significant expansions, a guest house, or a premium outdoor living oasis in a sought-after Phoenix location.
Being fully gutted, the home offers a head start on the renovation process by eliminating demolition costs and time, allowing for an immediate transition to the build-out phase.
As a fully gutted shell, the property requires a massive capital injection for all interior systems, including electrical, plumbing, and HVAC, before it can be occupied.
The $840,000 asking price for a property in this condition may compress profit margins for fix-and-flip investors once the extensive cost of a full remodel is factored in.
Investor Special! Opportunity awaits with this fully gutted property, offering a blank canvas for your next renovation project. The hard part has already begun--now it's ready for your vision and finishing touches. Whether you're looking to renovate and resell, build your rental portfolio, or create a custom home, the possibilities are endless.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,270 | - |
| Lot Size | 19,321 | - |
| Price | $840.0K | $495.4K |
| Price per sq ft | $370 | $290 |
| Built year | 1975 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 1260 |
Jul 10, 2026
$840,000
Initial Listing