521 W WILSHIRE Drive, Phoenix, AZ 85003, Phoenix, 85003 - 4 bed, 3 bath
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Phoenix, AZ 85003
This 1940 French Ranch with an Income-Generating ADU is a Prime Investment Opportunity listed at $799,900—positioned well below the $921,089 Fair Market Value by 13%. This valuation gap offers $121,189 in Instant Equity, supported by recent comparable sales in the Willo Historic District. Boasting a Pristine Condition Rating, the home features a PebbleTech salt-water pool and modern infrastructure. Located near Kenilworth Elementary and the Medical Corridor, it is ideal for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 W WILSHIRE Drive Subject | $799,900* List Price | 4 | 3 | 1,700 | $542 | - |
A 317 W ENCANTO Boulevard Sold | $920,000 | 4 | 3 | 1,599 | $575 | 0.2 mi |
B 317 W ENCANTO Boulevard Sold | $920,000 | 4 | 3 | 1,599 | $575 | 0.2 mi |
C 302 W VIRGINIA Avenue Sold | $825,000 List Price | 4 | 3 | 2,196 | 0.2 mi | |
D 317 W ENCANTO Boulevard Sold | $920,000 | 3 | 3 | 1,599 | $575 | 0.2 mi |
E 302 W CYPRESS Street Sold | $805,000 | 3 | 2 | 1,448 | $556 | 0.3 mi |
F 514 W MONTE VISTA Road Sold | $930,000 | 3 | 2 | 1,773 | $525 | 0.3 mi |
G 315 W EDGEMONT Avenue Pending | $799,999 List Price | 3 | 2 | 1,868 | $428 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1940, the property has undergone extensive recent renovations and infrastructure upgrades within the last 1-2 years, including a new 2025 roof, updated 200-amp electrical service, and new energy-efficient windows. The interior is in pristine condition with modern stainless steel appliances, high-end R40 insulation, and Cat5 cabling throughout. The outdoor area is fully modernized with travertine tile and a PebbleTech salt-water pool, while the guest house features a new 2025 mini-split system, meeting the criteria for a fully renovated property with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7714, living area = 1700.
The property features a fully functional guest house with a full kitchen and a new 2025 mini-split, providing immediate revenue potential as a short-term rental or a private suite for guests.
Rare for a 1940s home, this property boasts a new 2025 roof, updated 200-amp electrical service, Cat5 cabling, and high-efficiency R40 insulation, blending historic charm with contemporary reliability.
The local public schools assigned to this address have relatively low ratings, ranging from 3 to 5, which may be a drawback for families prioritizing top-tier educational performance.
At 1,700 square feet for nearly $800,000, the property commands a high price per square foot that may challenge buyers looking for more interior living space at this price point.
1940 French Ranch in the Willo Historic District Discover a rare 1940s French Ranch at 521 W. Wilshire Dr., situated in the heart of the Willo Historic District. This property perfectly balances historic character with high-tech infrastructure, offering a primary residence plus a guest house that doubles as a revenue generator. Strategic Location & Income Medical Corridor: Unbeatable proximity for healthcare professionals--1 mile to St. Joseph's and 7 minutes to Banner University and the VA Medical Center. Guesthouse/ADU: A fully functional, revenue-generating suite. With a full kitchen and new 2025 mini-split, it is ideal for Furnished Finder short-term rentals. Modern Infrastructure & Efficiency New 2025 Roof and solarized Low-E energy-efficient windows throughout. Climate & Air: Attic features R40 insulation, sealed ducts, and a 1-ton mini-split in the primary bedroom. Tech-Ready: Central communications closet with Cat5 cabling to all rooms and a Lorex NVR security system with cameras covering the exterior and alley. Updated Power: 200-amp main breaker and a new 2024 100-amp sub-panel. Outdoor Living & Utility The Oasis: 80-linear-foot PebbleTech salt-water pool surrounded by cool decking and a travertine tile entertainment patio. RV Ready: Widened driveway with an RV gate and parking for wider-profile vehicles. The Yard: 10x14 TuffShed with power, natural gas BBQ line, and an 8x8 concrete pad with a 50-amp breaker ready for a spa. Clean Lines: Backyard power and Cox cable lines have been buried underground for an open, unobstructed view. This is a high-efficiency historic home designed for modern professionals who value location, security, and income potential.
No exterior & parking available.
Grades PK-8 • 0.9 mi
Grades PK-8 • 1.0 mi
Grades PK-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,700 | 1,623 | 54% |
| Lot Size | 7,714 | 7,392 | 60% |
| Price | $799.9K | $675.0K | 63% |
| Price per sq ft | $471 | $388 | 57% |
| Built year | 1940 | 1937 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 1578 | 4% |
Feb 13, 2026
$799,900
Initial Listing