Ground-Level Residential Income
New
For Sale
$435,000
5450 E Deer Valley Drive #1180, Phoenix, AZ 85054
Corner unit with pool views, a bonus den, and access to resort-style community amenities with 30-day rental options.
Property Size1,385 SF
Price / SF$314.08
Days on Market2
Property Features for 5450 E Deer Valley Drive #1180
General Information
Standard status
Active
Size
1,385 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,648
Amenities
pool
fitness center
yoga room
game and billiards room
community lounge
executive conference room
Building Details
Building Size
1,385 SF
Year Built
2014
Stories
3
Listing Agency:
Realty ONE Group
(480) 553-3004
Listed By:
Terence Jochum
(480) 553-3004
Source:
Aznewhorizonrealty
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 3:57AM
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 Realty ONE Group
Investment Insights
Based on property information with market context.
This ground-level corner residence in Toscana offers 1,385 square feet of living space, an Athena II floor plan, and a bonus den. The unit overlooks one of the community’s three pools and is positioned in Building 10, which permits 30-day rental options rather than the six-month minimum applied elsewhere in the property. Built in 2014, the residence also provides convenient access to the ground-floor fitness center.
Community amenities include two fitness centers, a yoga room, game and billiards facilities, a lounge, and an executive conference room. The property is located at 5450 E Deer Valley Drive #1180 in Phoenix, Arizona.
Community amenities include two fitness centers, a yoga room, game and billiards facilities, a lounge, and an executive conference room. The property is located at 5450 E Deer Valley Drive #1180 in Phoenix, Arizona.
Key Highlights
- 1,385‑square‑foot Athena II floor plan with bonus den
- Ground‑level corner unit overlooking one of Toscana’s three pools
- Building 10 permits 30‑day rentals instead of a six‑month minimum
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $22.56 |
| − Vacancy | −$1.9k | −$1.35 |
| EGI | $29.4k | $21.21 |
| − OpEx | −$13.2k | −$9.54 |
| NOI | $16.2k | $11.66 |
1,385 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$230.8K
$201.9K – $269.2K
NOI $16,154 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.5K
$367.1K – $489.5K
NOI $29,367 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 85054, AZ
8,849
Population
6,271
Households
1.4
Avg Household Size
39
Median Age
61%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
1,029
Density / Sq Mi
$89,099
Median Household Income
$64,554
Median Earnings
$2,146
Median Rent
$618,100
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?
Residential income property - Corner unit with pool views, a bonus den, and access to resort-style community amenities with 30-day rental options.
Where is this residential income property located?
The property is located at 5450 E Deer Valley Drive #1180 Phoenix, AZ.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,385‑square‑foot Athena II floor plan with bonus den; Ground‑level corner unit overlooking one of Toscana’s three pools; Building 10 permits 30‑day rentals instead of a six‑month minimum
