1405 Vegas Valley Drive 271, Las Vegas, NV 89169, Las Vegas, 89169 - 2 bed, 1 bath
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Las Vegas, NV 89169
This Income-Generating Condominium serves as a functional Asset with a List Price of $139,000, aligning with the $139,000 Fair Market Value. The property provides immediate cash flow via a long-term tenant generating $1,000 in monthly rent in a high-demand location near Sunrise Hospital and the Las Vegas Strip. Residents benefit from a ground-floor unit featuring a private patio and proximity to Robert E. Lake Elementary. While the Condition Rating of 4 reflects its "as-is" status and aged finishes, the central location ensures rental stability. This acquisition is an entry-level opportunity for Buy-and-Hold Investors or first-time investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 Vegas Valley Drive 271 Subject | $139,000* List Price | 2 | 1 | 863 | $161 | - |
A 1405 Vegas Valley Drive 366 Sold | $145,000 | 2 | 1 | 863 | $168 | 0.1 mi |
B 1405 Vegas Valley Drive 322 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.0 mi |
C 1405 VEGAS VALLEY Drive 322 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.0 mi |
D 1370 VEGAS VALLEY Drive 47 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.2 mi |
E 1440 Vegas Valley Drive 2 Active | $162,000 List Price | 2 | 1 | 863 | $188 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1971 and is being sold in 'as-is' condition, indicating it likely retains many original or dated features. While it is currently functional and occupied by a long-term tenant, the age of the building (over 50 years) and the lack of mentioned renovations suggest that systems and interior finishes like the kitchen and bathroom are aged and will require minor updates or repairs to meet modern standards.
The property is currently occupied by a long-term tenant generating $1,000 in monthly rent, providing an immediate return on investment for buyers.
Conveniently located near the Las Vegas Strip, major shopping hubs, and public transportation, ensuring high rental demand and ease of access.
This downstairs unit features a functional floor plan including a walk-in closet, an eat-in kitchen, and a private patio, enhancing its tenant appeal.
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.
The monthly association fee of $570 is substantial relative to the purchase price, which significantly impacts the net monthly cash flow.
The property is sold in as-is condition, suggesting that the buyer should anticipate potential costs for deferred maintenance or future upgrades.
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
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 51% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 863 | 770 | 58% |
| Lot Size | 4,301 | 1,000 | 70% |
| Price | $139.0K | $130.0K | 52% |
| Price per sq ft | $161 | $186 | 30% |
| Built year | 1971 | 1973 | 42% |
| HOA | $570 | $230 | 84% |
| Days on market | 101 | 742 | 9% |
Jan 11, 2026
$139,000
Initial Listing