4792 Rita Drive, 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 $399,900—positioned well below the $379,647 Fair Market Value by -5%. While the home has a Fair Condition Rating, the expansive 7,405 sqft lot, Sparkling Pool, and detached structure offer significant value-add potential through renovation or conversion into a casita. The lack of an HOA provides operational flexibility for Buy-and-Hold Investors or Owner-Occupants seeking a project. Despite lower-rated local schools, the property’s unique land utility makes it a compelling asset for those prioritizing long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4792 Rita Drive Subject | $399,900* List Price | 4 | 2 | 1,200 | $313 | - |
A 4130 Royalhill Avenue Sold | $352,000 | 4 | 2 | 1,359 | $259 | 1.0 mi |
B 4528 E Harmon Avenue Sold | $400,000 | 4 | 2 | 1,519 | $263 | 0.5 mi |
C 4329 Salamanca Circle Sold | $385,500 | 4 | 2 | 1,627 | $237 | 0.7 mi |
D 4285 El Como Way Sold | $370,000 | 3 | 2 | 1,434 | $258 | 0.7 mi |
E 4285 El Como Way Sold | $370,000 | 3 | 2 | 1,434 | $258 | 0.7 mi |
F 4165 Grace Street Sold | $465,000 | 4 | 2 | 1,590 | $292 | 0.9 mi |
G 4976 Billman Avenue Pending | $370,000 List Price | 4 | 3 | 1,305 | $284 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this 50+ year old home is functional but dated. While the kitchen has received partial updates like stone countertops and stainless appliances, the cabinetry and bathrooms reflect older styles (>20 years). The property is move-in ready but requires cosmetic modernization and likely system updates due to age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1200.
The oversized lot features a motorized entry gate and ample space for RV, boat, or truck parking, all without the restrictions or monthly fees of an HOA.
A detached structure on the property provides a unique opportunity to easily convert the space into a guest house, rental unit, or casita for multi-generational living.
At 1,200 square feet for a 4-bedroom configuration, the individual room sizes and common living areas may feel cramped compared to modern residential standards.
The property is zoned for middle and high schools with low performance ratings (2 and 3 out of 10), which may be a concern for families prioritizing education.
Spacious One-Story Home with 4 Bedrooms, 2 Baths in a Huge Lot with a Sparkling Pool! Located in a Quiet Neighborhood with No HOA! This Oversized Lot with a Motorized Entry Gate offers a more Secure and Private Place for your RV, Boats and Trucks! The Additional Detached Structure can easily be converted into a Casita, Guest Quarters or even a Rental Unit! Expansive Backyard Great for Entertaining! Centrally Located with Convenient Access to Freeway, Restaurants, Schools and More! Move-In Ready!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,200 | - |
| Lot Size | 7,405 | - |
| Price | $399.9K | $474.8K |
| Price per sq ft | $333 | $257 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 37 | 526 |
Jun 15, 2026
$399,900
Initial Listing