1255 E University Dr, Mesa, AZ 85203 Property Records

Maricopa County property record for 1255 E University Dr, Mesa, AZ 85203

Property Summary

Property Type	Apartments (5+ Units)
Details	61,117 sqft · built 1969
Lot Size	4.21 acres (183,489 sqft)
Owner	Company Name on Record
Last Sale	$15,700,000 (Jul 2022)
Tax Bill	$29,943 (2025)
Deeds & Mortgages	Apr 2026 Mortgage Jul 2022 Sale & Mortgage + 1 more
Flood Zone	Zone X (moderate risk)
APN	`138-07-074-A`

Property Details

APN / Parcel Number

Primary APN	`138-07-074-A`
Alternative APN	`13807074A3`

Interior

Units	67 Units
Stories	1 Story
Building Area	61,117 sqft Living Area
1st Floor Area	61,117 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1969
Effective Year Built	Effective 1979
Exterior Material	Wood
Construction Type	Tilt-Up Concrete
Roof Material	Built-Up Asphalt
Lot Area	183,489 sqft (4.21 acres)
Garage Area	253 sqft
Porch	Open Slab
Patio Area	3,795 sqft
Total Buildings	9 Buildings

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	HVAC

Location & Zoning

Street Address	1255 E UNIVERSITY DR
City	MESA
State	AZ
Zip	85203-8145
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	M-H
Legal Description	SHERWOOD MESA AMD LOTS 77-182 MCR 66/27
Legal Range	5E
Legal Township	1N
Legal Section	24
Legal Subdivision	SHERWOOD MESA AMD LOTS 77-182
Legal Lot Number	150
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	2
Census Block	2002
Census Tract	421601

Owner

Source: Maricopa County records, as of April 21, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	6613 E 1ST AVE, SCOTTSDALE, AZ 85251-5205
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Apr 14, 2026	Deed of Trust, Mortgage · Conventional Mortgage WEST FINANCIAL CREDIT UNION
Jul 8, 2022	Special Warranty Deed, Transfer · Commercial Mortgage PACIFIC PREMIER BANK
Dec 30, 2020	Deed of Trust, Mortgage CBRE MULTIFAMILY CAP

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 8, 2022 · Amount on Record
Deed Sale	Jul 8, 2022 · Amount on Record
Prior Sale	May 9, 2014 · Amount on Record
Deed Document Number	2022560503
Record Updated	Oct 29, 2026

April 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Recording Date	Apr 14, 2026
Property Address	1255 E UNIVERSITY DR, MESA, AZ 85203-8145
Document Number	0000221427
Instrument Date	Apr 9, 2026
Instrument	2026221427
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	FIDELITY NATIONAL TITLE

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	6613 E 1ST AVE, SCOTTSDALE, AZ 85251-5205

Mortgage

Document Number	0000221427,
Date	Apr 14, 2026
Instrument	2026221427

Lender

Name	WEST FINANCIAL CREDIT UNION

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Interest

Rate	6.11%
Max Rate	-1%

July 2022: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Jul 8, 2022
Property Address	1255 E UNIVERSITY DR, MESA, AZ 85203-8145
Document Number	0000560503
Instrument Date	Jul 7, 2022
Instrument	20220560503
Transaction Type	Transfer
Record Updated	Nov 21, 2025
Title Company	AMERICAN TITLE COMPANY, AMERICAN TITLE SVC AGCY LLC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	6764 OLYMPUS DR, EVERGREEN, CO 80439-5312

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	6613 E 1ST AVE, SCOTTSDALE, AZ 85251-5205

Mortgage

Document Number	0000560504
Date	Jul 8, 2022
Instrument	20220560504

Lender

Name	PACIFIC PREMIER BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

December 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	1255 E UNIVERSITY DR, MESA, AZ 85203-8145
Document Number	0001293562
Instrument Date	Dec 30, 2020
Transaction Type	Mortgage
Record Updated	Jan 7, 2021
Title Company	ATTORNEY ONLY

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1255 E UNIVERSITY DR MESA AZ 852038145, MESA, AZ 85203-8145

Mortgage

Document Number	0001293562
Date	Dec 30, 2020
Instrument	1293562

Lender

Name	CBRE MULTIFAMILY CAP
Type	Funding / Finance Company

Agreement

Amount	Amount Recorded

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Mesa City
Unified School District	Mesa Unified District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,102,420 (+263.23%)	$11,024,200 (-18.89%) Land $2,204,800 Building $8,819,400
2025	$29,943.00 (-0.3%)	$303,503 (-78.49%)	$13,592,000 (-3.66%) Land $2,718,400 Building $10,873,600
2024		$1,410,860 (+46.22%)	$14,108,600 (+46.22%) Land $2,821,700 Building $11,286,900
2023	$30,034.00 (+2.11%)	$964,910 Land $192,980 Building $771,930	$9,649,100 Land $1,929,800 Building $7,719,300
2022	$29,413.00

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF MESA serves 466,000 people · EPA ID AZ0407095
Water Source	Surface water
Last State Inspection	Nov 2024
Lead	5 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	24 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 554 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
CenturyLink Fiber	8,000 / 8,000
AT&T Fiber · Fixed Wireless	5,000 / 5,000
Cox Communications Cable	2,000 / 100
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	400 / 400
T-Mobile Fixed Wireless	100 / 20

May also be available: GeoLinks, Verizon.

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