4792 Rita Drive, Las Vegas, NV 89121, Las Vegas, 89121 - 4 bed, 2 bath
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4792 Rita Drive
Las Vegas, NV 89121
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,200Sq Ft
7,405Lot Size
Property Price
LIST PRICE$389,900
EST. MARKET VALUE
$369,180
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $389,900—positioned well below the $369,181 Fair Market Value by -5%. While the home maintains a Fair Condition Rating, the 7,407 Sq Ft Lot and Detached Structure offer significant value-add potential for conversion into a casita or rental unit. Featuring a Private Pool and No HOA, this asset provides unique flexibility for income generation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with immediate upside.
Estimated Market Value
$369,180
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4792 Rita Drive Subject | $389,900* List Price | 4 | 2 | 1,200 | $308 | - |
A 4682 Lancer Way Sold | $380,000 | 3 | 2 | 1,358 | $280 | 0.9 mi |
B 4684 East Rochelle Avenue Sold | $350,000 | 3 | 2 | 1,132 | $309 | 0.7 mi |
C 4195 Sheppard Drive Sold | $330,000 | 3 | 2 | 1,134 | $291 | 0.8 mi |
D 4868 Blanton Drive Sold | $389,000 | 3 | 2 | 1,495 | $260 | 0.1 mi |
E 4269 El Cebra Way Sold | $400,000 | 4 | 2 | 1,519 | $263 | 0.7 mi |
F 4528 E Harmon Avenue Sold | $400,000 | 4 | 2 | 1,519 | $263 | 0.5 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1972, the property is functional and move-in ready but reflects significant dating. While there are some modern updates like wood-look tile flooring and stainless steel appliances, the kitchen cabinetry and overall interior finishes appear to be 20+ years old. The exterior patio and structures show visible wear, placing it firmly in the fair category requiring cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- RV and Boat Storage
The property features a motorized entry gate and a large 7,407 sq ft lot, providing secure and private parking for RVs, boats, and trucks without the restrictions of an HOA.
- Income Potential
A detached structure on the premises offers significant value-add potential, as it can be converted into a casita, guest quarters, or a rental unit for additional income.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With four bedrooms configured within only 1,200 square feet, the interior layout may feel cramped and individual room sizes are likely smaller than modern standards.
- School District Ratings
The property is zoned for schools with lower academic ratings, specifically middle and high schools rated 2 and 3 out of 10, which may impact long-term resale value for families.
About 4792 Rita Drive
Located in a Quiet Neighborhood with No HOA! Spacious One-Story Home with 4 Bedrooms, 2 Baths, Sparkling Pool on a Huge Oversized 7,407 Sq Ft Lot! With a Motorized Entry Gate offers a More Secured 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
J M Ullom Elementary School
Grades PK-5 • 0.2 mi
3/10
William E Ferron Elementary School
Grades PK-5 • 0.8 mi
5/10
Francis H Cortney Junior High School
Grades 6-8 • 0.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,200 | 1,961.945 |
| Lot Size | 7,405 | 6,098 |
| Price | $389.9K | $486.0K |
| Price per sq ft | $325 | $259 |
| Built year | 1972 | 2002 |
| HOA | $0 | $83 |
| Days on market | 8 | 62 |
Pricing History
Listed for Sale
Sep 1, 2026
$389,900
Initial Listing