1405 Vegas Valley Drive 92, Las Vegas, NV 89169, Las Vegas, 89169 - 1 bed, 1 bath
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Las Vegas, NV 89169
This Updated Condominium represents a High-Potential Investment Opportunity with a List Price of $149,000—positioned well below the $210,414 Fair Market Value by 29%. This significant valuation gap provides $61,414 in Instant Equity for the incoming owner. Boasting a Condition Rating of 4, the unit features new flooring and fresh paint, while the utility-inclusive HOA and proximity to the Las Vegas Strip ensure high rental demand. This asset is perfectly suited for Buy-and-Hold Investors or first-time buyers seeking immediate wealth accumulation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 Vegas Valley Drive 92 Subject | $149,000* List Price | 1 | 1 | 671 | $314 | - |
A 1370 Vegas Valley Drive 47 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.1 mi |
B 1370 VEGAS VALLEY Drive 47 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.1 mi |
C 1405 Vegas Valley Drive 322 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.2 mi |
D 1370 VEGAS VALLEY Drive 47 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.1 mi |
E 1370 Vegas Valley Drive 47 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.1 mi |
F 1370 VEGAS VALLEY Drive 47 Sold | $125,000 | 1 | 1 | 671 | $186 | 0.1 mi |
G 1420 Vegas Valley Drive 23 Active | $112,000 List Price | 1 | 1 | 671 | $167 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the property has undergone recent cosmetic updates including new flooring, fresh paint, and new blinds, which makes it move-in ready. However, the kitchen retains older painted cabinetry, laminate countertops, and dated appliances. While well-maintained, the property shows signs of its age and has not undergone a full high-end renovation of major systems or fixtures.
The unit features fresh paint, new flooring, and new blinds, offering a move-in-ready experience and reducing immediate renovation costs for the buyer.
Situated near the Las Vegas Strip, major shopping centers, and diverse dining options, this property boasts high desirability for both residents and potential renters.
The monthly association fee covers essential utilities including water, trash, and sewer, providing simplified budgeting and added value for the owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8984, other record lot size in square feet = 728.
Constructed in 1971, the property may require more frequent maintenance or face potential long-term infrastructure updates common with older condominium complexes.
The assigned high school has a low rating of 2, which could potentially impact future resale value and appeal to a broader range of buyers.
VERY WELL MAINTAINED 1 BEDROOM /1 BATH UNIT , WITH NEW FLOORING, NEW PAINT, NEW BLINDS. A SPACIOUS LIVING ROOM AND A LARGE SLIDING DOOR TO A GENEROUS BALCONY.THE COMMUNITY INCLUDES WATER, TRASH AND SEWER. CLOSE TO LAS VEGAS STRIP AND CLOSE TO RESTAURANTS AND SHOPPING.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 671 | 727 | 43% |
| Lot Size | 8,984 | 1,000 | 80% |
| Price | $149.0K | $130.0K | 61% |
| Price per sq ft | $222 | $186 | 58% |
| Built year | 1971 | 1973 | 42% |
| HOA | $279 | $230 | 62% |
| Days on market | 33 | 742 | 1% |
Mar 20, 2026
$149,000
Initial Listing