1405 Vegas Valley Drive 112, Las Vegas, NV 89169, Las Vegas, 89169 - 2 bed, 1 bath
1405 Vegas Valley Drive 112
Las Vegas, NV 89169
Property Price
SUMMARY
Analysis of 1405 Vegas Valley Drive 112, Las Vegas, NV 89169 is currently available with a list price of $132,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1971, the property is aged but appears to have been maintained through regular upkeep. The kitchen and bathroom features, including cabinetry and appliances, are functional but outdated and do not reflect recent renovations. While move-in ready for some, it requires cosmetic updates and modernization of fixtures and systems to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Central Location
The property is ideally situated near UNLV, Boulevard Mall, and major medical facilities, making it highly attractive for students, faculty, and healthcare professionals.
- Strong Investment Potential
With a competitive entry-level price point for a two-bedroom unit, this condo offers an excellent opportunity for investors seeking rental income or first-time buyers looking for affordability.
- Desirable Unit Amenities
As an upstairs unit, it features a private patio and assigned covered parking while maintaining close proximity to the community pool, enhancing the overall lifestyle appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4375, other record lot size in square feet = 975.
- Aging Infrastructure
Built in 1971, the property may require more frequent maintenance or capital improvements to modernize systems and finishes compared to newer builds.
- High HOA-to-Price Ratio
The monthly association fee of $355 is relatively high in proportion to the $132,000 list price, which could impact the monthly cash flow for budget-conscious buyers or investors.
About 1405 Vegas Valley Drive 112
This charming 2-bedroom, 1-bathroom condo boasts a spacious, open floor plan. Nestled in an unbeatable location, you’ll have convenient access to top dining, shopping, and entertainment options. Ideal for first-time buyers or investors. This is a desirable up-stairs unit close to the pool and your own covered parking spot. Great investment opportunity. In the desirable Casa Vega Community. Private patio for your enjoyment. Community pool. Proximity to UNLV, Boulevard Mall, Hospital and an elementary school and high school.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 4,375 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $355 / Month
Neighborhood Insights
Las Vegas Unified Schools
Robert E Lake Elementary School
Grades PK-5 • 0.3 mi
John C Fremont Middle School
Grades 6-8 • 0.8 mi
Valley High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 863 | 863 | 50% |
| Lot Size | 4,375 | 974 | 71% |
| Price | $132.0K | $132.0K | 50% |
| Price per sq ft | $153 | $177 | 29% |
| Built year | 1971 | 1973 | 46% |
| HOA | $355 | $240 | 68% |
| Days on market | 179 | 347 | 29% |
Pricing History
Listed for Sale
Sep 9, 2025
$132,000
Initial Listing
Sold
Apr 5, 1996
$52,000
Public Record