Casa Blanca Apartments: Multifamily
For Sale
Contact for pricing
2520 W McLellan Blvd, Phoenix, AZ 85017
81-unit apartment community in Phoenix, offering value-add potential.
Property SizeContact for details
Days on Market158
Property Features for 2520 W McLellan Blvd
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R-5
Building Details
Year Built
1972
Listing Agency:
Matthews
Listed By:
Brad Skenderian · License #SA692958000 (AZ)
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
The Casa Blanca Apartments, located in Phoenix, AZ, is an 81-unit affordable housing community. Constructed in 1972, the property features a mix of two- and three-bedroom floorplans. The unit mix includes 64 affordable units under a budget-based LIHPHRA provision, 16 Section 8 units covered by a HAP contract, and 1 conventional unit. All unit types received HUD approval for rent increases in July 2025. The community is comprised of 8 buildings, each master metered for all utilities and operated on a boiler/chiller system. Situated along the I-17 corridor near Grand Canyon University, which has an enrollment exceeding 25,000 in-person students for the 2024–2025 academic year, the property benefits from strong surrounding demand drivers. Its central Phoenix location provides residents with convenient access to major employment centers, transportation routes, and a wide array of urban amenities. The property represents a value-add opportunity to acquire a centrally located asset with opportunity for future upside.
Key Highlights
- Significant rent increases approved by HUD in July 2025, enhancing income potential.
- 81‑unit affordable housing community with a mix of LIHPHRA, Section 8, and conventional units.
- Below‑market cost basis with value‑add opportunity and future upside potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 85017, AZ
45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 81-unit apartment community in Phoenix, offering value-add potential.
Where is this apartment building located?
The property is located at 2520 W McLellan Blvd Phoenix, AZ.
What is the asking price?
The asking price for this property is $7,150,000.
What are key features of this property?
This property features: Significant rent increases approved by HUD in July 2025, enhancing income potential.; 81‑unit affordable housing community with a mix of LIHPHRA, Section 8, and conventional units.; Below‑market cost basis with value‑add opportunity and future upside potential.
