1405 Vegas Valley Drive 271, Las Vegas, NV 89169, Las Vegas, 89169 - 2 bed, 1 bath
1405 Vegas Valley Drive 271
Las Vegas, NV 89169
Property Price
SUMMARY
Analysis of 1405 Vegas Valley Drive 271, Las Vegas, NV 89169 is currently available with a list price of $139,000. 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 and sold in 'as-is' condition, the property is functional and currently occupied by a tenant, but the age and lack of mentioned renovations suggest outdated interior features and potential deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
The property is currently occupied by a long-term tenant generating $1,000 in monthly rent, making it an attractive turnkey opportunity for investors.
- Prime Central Location
Conveniently situated near the Las Vegas Strip, major shopping hubs, and public transportation, ensuring high rental demand and ease of commute.
- Ground-Floor Accessibility
This downstairs unit features a functional layout with a private patio and a master walk-in closet, offering better accessibility than upper-level alternatives.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4301, other record lot size in square feet = 975.
- High Association Fees
The monthly association fee of $570 is substantial relative to the purchase price, which may impact the overall net return on investment.
- As-Is Condition
The property is being sold in as-is condition, suggesting that the buyer should budget for potential deferred maintenance or future cosmetic upgrades.
About 1405 Vegas Valley Drive 271
DOWNSTAIRS LEVEL 2 BEDROOMS ONE FULL BATH ! KITCHEN WITH EAT-IN AREA , LIVING ROOM , MASTER BEDROOM WITH WALK-IN CLOSET . PATIO AREA OFF LIVING ROOM . CENTRAL LOCATION TO SHOPPING , BUS ROUTE , STRIP HOTELS . PROPERTY BEING SOLD IN "AS-IS" CONDITION . CURENTLY RENTED TO A LONG TERM TENANT FOR $1000 A MONTH
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 4,301 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $570 / Month
Neighborhood Insights
Las Vegas Unified Schools
Robert E Lake Elementary School
Grades PK-5 • 0.4 mi
John C Fremont Middle School
Grades 6-8 • 0.9 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 | 4,301 | 974 | 70% |
| Price | $139.0K | $139.0K | 50% |
| Price per sq ft | $161 | $177 | 30% |
| Built year | 1971 | 1973 | 46% |
| HOA | $570 | $240 | 80% |
| Days on market | 55 | 347 | 7% |
Pricing History
Listed for Sale
Jan 11, 2026
$139,000
Initial Listing