1624 L Street, Las Vegas, NV 89106, Las Vegas, 89106 - 5 bed, 4 bath
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Las Vegas, NV 89106
This Versatile Multi-Unit Property represents a Strong Value Opportunity, listed at $499,000—positioned well above the $458,721 Fair Market Value by -8%. Featuring a High-End Renovation and a Condition Rating of 2, this 5-bedroom, 4-bathroom residence includes two private studio units, offering significant income potential. With No HOA Fees and modern upgrades like solar panels, it provides a stable, low-maintenance asset. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating living arrangement in Las Vegas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1624 L Street Subject | $489,000* List Price | 5 | 4 | 2,164 | $215 | - |
A 1641 K Street Sold | $364,000 | 4 | 2 | 1,824 | $200 | 0.2 mi |
B 1249 Hassell Avenue Sold | $400,000 | 5 | 3 | 1,788 | $224 | 0.5 mi |
C 1100 Freeman Avenue Sold | $350,000 | 4 | 2 | 1,344 | $260 | 0.1 mi |
D 1604 Luning Drive Sold | $400,000 | 4 | 3 | 1,776 | $225 | 0.8 mi |
E 2116 La Harve Drive Sold | $350,000 | 4 | 2 | 2,212 | $158 | 0.7 mi |
F 1905 Walker Street Sold | $370,000 | 4 | 2 | 1,660 | $223 | 0.5 mi |
G 1401 Mezpah Drive Sold | $380,000 | 4 | 2 | 1,863 | $204 | 0.7 mi |
H 1457 Blankenship Avenue Sold | $355,000 | 4 | 2 | 1,500 | $237 | 0.8 mi |
I 1421 N Tonopah Drive Active | $389,888 List Price | 4 | 2 | 1,676 | $233 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1956, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features modern large-format tile flooring, a contemporary kitchen with waterfall quartz countertops and shaker cabinets, updated lighting, and newer stainless steel appliances. The presence of solar panels and updated windows further indicates significant recent capital improvements.
The unique configuration of a main residence plus two private studio units offers exceptional versatility for rental income, guest accommodations, or multi-generational living.
With zero association fees, homeowners benefit from lower monthly carrying costs and greater flexibility in property usage without the oversight of a homeowners association.
Offering 5 bedrooms and 4 bathrooms across over 2,100 square feet, this property provides a rare amount of interior volume and functional utility for its price point.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Built in 1956, the property may require more frequent maintenance or updates to major systems compared to newer builds in the Las Vegas area.
While some nearby elementary schools are highly rated, the local middle and high schools have lower performance scores, which may be a concern for families prioritizing education.
Presenting an exceptional opportunity with substantial income potential, this versatile Las Vegas property offers a distinguished living experience. This unique offering encompasses a comfortable main residence complemented by two private studio units, ideally configured for generating rental income, accommodating esteemed guests, or facilitating sophisticated multi-generational living arrangements. The main dwelling features a meticulously planned layout with luminous living spaces, fostering an inviting and refined atmosphere. The kitchen is thoughtfully appointed with extensive cabinet storage, ensuring both practical utility and elegant convenience for culinary endeavors. Each of the two private studio units provides independent living quarters, significantly enhancing the property's appeal for diverse lifestyle requirements. Exterior amenities include a covered patio, providing an ideal setting for refined outdoor enjoyment and serene relaxation. The residence is equipped with essential appliances, including a microwave, and features interior comforts such as elegant blinds and efficient ceiling fans. Strategically situated for convenience, this address provides effortless access to premier shopping centers, a curated selection of dining establishments, esteemed educational institutions, and principal roadways, ensuring seamless connectivity to all that Las Vegas proudly offers. This property represents a profound investment, rich with possibilities for those discerning individuals seeking both flexibility and significant financial advantage within a vibrant and dynamic neighborhood.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,164 | - |
| Lot Size | 6,098 | - |
| Price | $489.0K | $474.8K |
| Price per sq ft | $226 | $257 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 134 | 526 |
Jul 18, 2026
$489,000
$499,000
-2% Price Drop
Initial Listing
Jun 24, 2026
$499,000
Initial Listing