2958 Ferndale Street, Las Vegas, NV 89121, Las Vegas, 89121 - 4 bed, 2 bath
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Las Vegas, NV 89121
This property presents a High-Potential Investment Opportunity with a List Price of $240,000—positioned well below the $242,197 Fair Market Value by 0.9%. Featuring a C5 Condition Rating, this 1963-built home requires a full rehab, offering a blank canvas for value-add improvements. The 6,970 sq ft corner lot provides rare RV parking potential and no HOA restrictions. Located near Parkdale Recreation Center and major VA medical facilities, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a project with significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2958 Ferndale Street Subject | $240,000* List Price | 4 | 2 | 1,496 | $162 | - |
A 3776 Millwood Avenue Sold | $200,000 List Price | 3 | 2 | 1,380 | 0.7 mi | |
B 4378 Swandale Avenue Pending | $300,000 List Price | 4 | 2 | 1,496 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 (61 years old) with no recorded renovations. The property is officially rated at C5 condition by appraisal, indicating significant deferred maintenance, neglect of major systems, and a requirement for a full rehab to be functional.
The absence of HOA fees and restrictions, combined with a single-story layout on a corner lot, provides maximum flexibility for investors or homeowners looking to customize the property without oversight.
Ideally situated within walking distance to Parkdale Recreation Center and Laura Dearing Elementary, with convenient access to Nellis Air Force Base and multiple VA medical facilities.
The 6,970 sq ft corner lot features a secure block wall and ample space for potential RV parking, a highly sought-after feature that adds significant utility and value.
With a C5 appraisal rating, the property is in fair-to-poor condition, requiring substantial repairs and updates which may limit traditional financing options.
Built in 1963, the home likely features dated systems and finishes that may require costly modernization to meet current building codes and energy efficiency standards.
Single-story community • No HOA • Potential RV parking • 0.4 mi to Parkdale Recreation Center and Water Park • This property is NOT for the average investor, it has structural issues, but it could be a good fit for the right team. Four bedroom, two bathroom, single-story home on a 6,970 sq ft corner lot. Surrounded by single-story homes and ready for your investment goals. This corner lot is ready for your improvements, including potential for RV parking. No HOA. Conveniently located 0.4 miles from Parkdale Recreation & Senior Center and Parkdale Water Park, with nearby commuter routes. Approximately 2.3 miles to the Northeast VA Clinic, 8.5 miles to Nellis Air Force Base, 11.6 miles to the VA Southern Nevada Healthcare System in North Las Vegas, and 14.7 miles to the Southeast VA Clinic in Henderson. Laura Dearing Elementary School is just around the corner. The combination of a single-story community, sizeable lot, no HOA, mature trees, and convenient access to recreation, medical facilities, and major employers offers flexibility for a variety of investment goals. March appraisal ranked the condition as C5. ** Seller will not consider sight-unseen offers **
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades PK-5 • 1.1 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,496 | - |
| Lot Size | 6,970 | - |
| Price | $240.0K | $474.8K |
| Price per sq ft | $160 | $257 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 11 | 526 |
Jul 11, 2026
$240,000
Initial Listing