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37 W PASADENA Avenue, Phoenix, AZ 85013

$2,100,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,100,000 List Date: 10/14/2025 Last Modified: 10/20/2025

Description

Historic Medlock Place - R-3 Zoned Half Acre Oasis Rare offering in the Medlock Historic District! This 1958 mid-century ranch sits on a flood-irrigated ½ acre with a lush food forest of citrus, pomegranate, fig, mango, jackfruit & more. Zoned R-3, the property is perfect for short-term rentals, bed & breakfast, assisted living, multi-rental income, or as a private retreat. The main home features updated baths (2023), original stained concrete floors, split-zone AC, kitchenette in primary, and gas fireplace. Enjoy a resurfaced pool, outdoor shower, covered patio, and full perimeter security. Additional improvements include a 1,752 sq ft apartment building (duplex-ready), a 952 sq ft guest house, 350 sq ft laundry facility, and a 3-car garage with ample parking. Truly one-of-a-kind!

Supplements: Historic Medlock Place - Mid-Century Modern Oasis on Half Acre with Guest Units, Pool, Multi-Rental Income & R-3 Zoning Welcome to a rare opportunity in the heart of the Medlock Historic District. This 1948 mid-century ranch on a flood-irrigated half-acre blends vintage character, thoughtful updates, and extraordinary versatility. Zoned R-3, the property is ideal for multi-rental income, short-term rentals, a bed & breakfast, assisted living, multi-generational livingor simply enjoyed as your own private retreat in one of Phoenix's most beloved historic neighborhoods. Food Forest & Lush Grounds The property is a true urban oasis, lined with mature flowering oleander, bougainvillea, prickly pear, ocotillo, hibiscus, roses, plumeria, and more. A thriving food forest offers Mexican lime, fig, pear, blood orange, orange, ruby red grapefruit, multiple mulberries, moringa, atemoya, mango, sapodilla, pomegranate, pink lemon, jackfruit, kumquat, and lemon trees. The grounds feature RainBird drip irrigation in the backyard, pop-up sprinklers in the front, and flood irrigation throughout. Main Ranch Home (1948) The main residence offers three AC split systems for zoned climate control, updated bathrooms (2023), a primary suite with kitchenette and 220v power, and original stained concrete flooring. Other highlights include re-insulation (2024), copper electrical conduit, a fire sprinkler system (2018), wood and cellular blinds, stackable washer/dryer, and a cozy gas fireplace. Outdoors, enjoy a resurfaced pool (2018) with newer pump (2024), outdoor shower, and gas line hookups for heating or firepit. Patio and underground wiring with lighting were added in 2019. The home is fully gated with coded Schlage locks and modern security including Google lighting controls and cameras. Apartment Building (1978) The 1,900 sq ft apartment building offers double-paned windows, granite counters, stained concrete flooring, and two AC units (4-ton and 3-ton). Originally designed as a duplex, it can be easily re-configured, with quotes on file. This structure provides excellent rental income potential, staff housing, or guest accommodations. Guest House & Additional Facilities A 900 sq ft guest house with four-ton AC (2020) includes stained concrete floors, ceiling fans, a full kitchen, walk-in closet, stackable washer/dryer, and gutters with shade sails. A separate 350 sq ft laundry facility includes two washers, two dryers, AC, and fridge. The property also includes a three-car garage with wall-to-ceiling shelving and updated garage door mechanism (2020). Infrastructure & Updates Upgrades include: new roof (2018), fresh exterior paint, raised foundation throughout, four functional elevated water heaters, multiple electrical panels (three main, seven sub-panels), copper plumbing/electrical, ABS sewer lines, and gutters on both main and guest structures. Parking includes a concrete pad for five vehicles plus alley parking with gated access for four more. Rare Offering With its historic setting, extensive fruit trees, pool, multiple residences, and flexible R-3 zoning, this property offers endless opportunitieswhether as a multi-rental income investment, boutique hospitality property, assisted living facility, or a one-of-a-kind private retreat hidden within Phoenix's vibrant core.

More Information MLS# 6928051

Contract Info

Ownership: Fee Simple Current Price: $2,100,000 List Price: $2,100,000 Status: Active List Date: 2025-10-01

Location, Tax & Legal

Assessor's Map #: 23 Legal Description (Abbrev): LOT 69 SOUTH MEDLOCK PLACE MCR 001642 Assessor's Parcel #: 26 Add'l Parcels: No Tax Municipality: Phoenix Taxes: 2662 Tax District: T Legal: LOT 69 SOUTH MEDLOCK PLACE MCR 001642 Marketing Name: South Medlock Place House Number: 37 Compass: W Street Name: PASADENA St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85013 Zip4: 2086 County Code: Maricopa Subdivision: SOUTH MEDLOCK PLACE Assessor Number: 162-23-026 Tax Year: 2024

General Property Description

# of Buildings: 3 Uncvrd Parking Spcs: 11 Lot Size Dimensions: 185x119 Flood Zone: TBD Total # of Units: 3 Elementary School District: Madison Elementary District High School District: Phoenix Union High School District Year Built: 1958 Zoning: r3

Project Type

Other (See Remarks): 1

Other Type

House + Rental Units: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Shake: 1

Floors

Tile: 1 Concrete: 1 Carpet: 1

Sale Includes

Land & Building: 1 Personal Property: 1 Pool Equipment: 1 Laundry Equipment: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 2662 Other Income: 0 Vacancy Allowance: 0.15 Adjusted Gross Inc: 102000

Pmt & Rate Info

Cap Rate: 4.29 Equity: 2100000 Down Payment %: 20 Monthly Payments: 14000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

See Private Remarks: 1

Community Features

Other: 1 See Remarks: 1

Heating

Natural Gas: 1 Central: 1 2 or More Units: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 2 or More Units: 1

Exterior Amenities

Landscape Water System: 1 Fenced: 1 Partially Fenced: 1 RV/Boat Parking: 1 Curb(s) & Gutter(s): 1 Cable TV Available: 1 Patio/Balcony: 1 Separate Storage: 1 Security Light(s): 1

Interior Features

Furnished: 1 Fire/Smoke Alarm(s): 1 Fire Sprinklers: 1 Mini Blinds: 1 Breakfast Bar: 1

Tenant Pays

None: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Free-Standing Electric Oven: 1 Free-Standing Gas Oven: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Free-Standing Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Road Responsibility

City Maintained Road: 1

Water Source

Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

Detached Garage: 1 Garage: 1 <1 Space Per Unit: 1 Garage Door Opener: 1 RV Access/Parking: 1

Electric

APS: 1 Submetered System: 1 Individual Meter: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Electric: 1 Gas: 1 Trash Collection: 1 Landscaping: 1 Pool Maintenance: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 1031 Exchange: 1

Existing 1st Loan

Conventional: 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Non Assumable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 1 Avg Rent: 10000 Avg SqFt: 1752 # Baths: 7

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1500 Avg SqFt: 952 # Baths: 1

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

# 4 Bedroom Units: 1 Avg Rent: 4200 Avg SqFt: 2391 # Baths: 3

Remarks Misc

Cross Street: N 3rd Ave Directions: W Camelback rt on N 3rd ave first right on to Pasadena ave Geo Lat: 33.510204 Geo Lon: -112.077139

Legal Info

Lot Number: 69

Income Expenses

Gross Annual Sch Inc: 120000 Net Operating Income: 90000

Property Features

Project Type: Other (See Remarks) Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Stucco Roofing: Shake Floors: Tile; Concrete; Carpet Sale Includes: Land & Building; Personal Property; Pool Equipment; Laundry Equipment Community Features: Other; See Remarks Exterior Amenities: Landscape Water System; Fenced; Partially Fenced; RV/Boat Parking; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers; Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Electric Oven; Free-Standing Gas Oven; Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Natural Gas; Central; 2 or More Units Cooling: Ceiling Fan(s); Central Air; 2 or More Units Water Source: Master Meter Sewer: Sewer - Public Electric: APS; Submetered System; Individual Meter Gas: SW Gas Parking Features: Garage; <1 Space Per Unit; Detached Garage; Garage Door Opener; RV Access/Parking Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: None Source of Fincl Data: Owner; Projected Proforma Lockbox Type: See Private Remarks Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; Conventional; 1031 Exchange Environmental: None
Listing Office: RealtyONEGroup Mountain Desert
IDX
Last Updated: October - 20 - 2025
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