1260 E University Dr, Tempe, AZ 85288 Property Records

Maricopa County property record for 1260 E University Dr, Tempe, AZ 85288

Property Summary

Property Type	Apartments (5+ Units)
Details	158,400 sqft · built 2015
Lot Size	7.04 acres (306,924 sqft)
Owner	Company Name on Record
Last Sale	$84,500,000 (Feb 2021)
Tax Bill	$605,351 (2025)
Deeds & Mortgages	Feb 2021 Sale & Construction Loan
Flood Zone	Zone X (moderate risk)
APN	`132-34-005`

Property Details

APN / Parcel Number

Primary APN	`132-34-005`

Interior

Units	296 Units
Stories	4 Stories
Building Area	158,400 sqft Total Area
1st Floor Area	158,400 sqft

Exterior

Year Built	Built 2015
Exterior Material	Stucco
Construction Type	Steel Frame
Lot Area	306,924 sqft (7.04 acres)
Garage Area	1,949 sqft
Patio Area	16,381 sqft
Total Buildings	8 Buildings

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Package Unit

Location & Zoning

Street Address	1260 E UNIVERSITY DR
City	TEMPE
State	AZ
Zip	85288-8636
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	MU-4
Legal Description	UNIVERSITY CENTER 3 MCR 1002-38
Legal Range	04E
Legal Township	01N
Legal Section	14
Legal Quarter	SW
Legal Subdivision	UNIVERSITY CENTER 3
Legal Lot Number	2
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	2
Census Block	2003
Census Tract	318400

Owner

Source: Maricopa County records, as of November 20, 2025

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	3128 WILLOW AVE STE 101, 101, CLOVIS, CA 93612-4746
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 11, 2021 · Amount on Record
Deed Sale	Feb 11, 2021 · Amount on Record
Prior Sale	Nov 22, 2016 · Amount on Record
Deed Document Number	20210158627
Record Updated	Jun 8, 2026

February 2021: Special Warranty Deed, Construction Loan

Document Type	Special Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Feb 11, 2021
Property Address	1260 E UNIVERSITY DR, TEMPE, AZ 85288-8636
Document Number	0000158627
Map Reference	MB 1002 PG 38
Instrument Date	Feb 11, 2021
Instrument	20210158627
Transaction Type	Construction Loan
Record Updated	Mar 5, 2024
Title Company	LA COMMONWEALTH TITLE, COMMONWEALTH TITLE

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	3021 M CIRTUS CIR #130130, 130130, WALNUT CREEK, CA 94598

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3128 WILLOW AVE STE 101, 101, CLOVIS, CA 93612-4746

Mortgage

Document Number	0000158628
Date	Feb 11, 2021
Instrument	20210158628

Lender

Name	CBRE CAPITAL MARKETS INC
Type	Non-Lending Institution

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	121 Months
Due	Mar 1, 2031

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of January 1, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Tempe City
Elementary School District	Tempe School District (PK - 08)
Secondary School District	Tempe Union High School District (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$6,832,220 (-37.7%)	$68,322,200 (-37.7%) Land $13,664,400 Building $54,657,800
2025	$605,351.00 (+8.31%)
2024		$10,967,270 (+36.29%)	$109,672,700 (+36.29%) Land $21,934,500 Building $87,738,200
2023	$558,925.00 (+4.25%)	$8,047,160 Land $1,609,430 Building $6,437,730	$80,471,600 Land $16,094,300 Building $64,377,300
2022	$536,135.00

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 · OpenFEMA NFIP redacted claims and policies, as of September 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
Nearby Flood Claims	2 (1983)
Claims Outside the SFHA	1 of 2
Most Recent Claim	Aug 1983 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; 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 TEMPE serves 165,000 people · EPA ID AZ0407100
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	4 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	Total trihalomethanes resolved · Apr 2017
Treatment and Procedure	Treatment report not submitted Oct 2017
Monitoring and Reporting	None 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 13 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Fiber · Cable in parts of the area	2,000 / 35
Verizon Fixed Wireless	1,000 / 75
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	400 / 400

May also be available: AirFiber WISP, CenturyLink.

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