Casa Blanca Apartments: Multifamily
2520 W McLellan Blvd, Phoenix, AZ 85017
81-unit apartment community in Phoenix, offering value-add potential.
Type:Multifamily
- Added:
- Mar 12, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 19 at 11:03 pm
Property Features for 2520 W McLellan Blvd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing agent Brad Skenderian License #SA692958000 (AZ)
Listing office Matthews
Listing date Mar 12, 2026
Source Crexi
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
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.
- Favorable unit mix featuring majority two- and three‑bedroom floorplans.
- Ideally located along the I‑17 corridor near Grand Canyon University (25,000+ students).
- Central Phoenix location with convenient access to employment, transportation, and amenities.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Casa Blanca Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1136413
- Latitude
- 33.5340435
Nearby Similar for Sale
FAQs
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.
