4861 S Torrey Pines Drive 106, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This Turnkey Income-Generating Asset is listed at $225,000, representing a stable and fair entry point aligned with its $223,453 Fair Market Value. Maintaining a Condition Rating of 4, the residence features significant functional upgrades including a new 2025 HVAC system, 2024 appliance package, and a private patio. Situated in a secure gated community with resort-style amenities, the property is steps from top-rated schools like Marion B Earl Elementary. With a tenant already in place, this ground-floor unit is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance residential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4861 S Torrey Pines Drive 106 Subject | $225,000* List Price | 2 | 2 | 942 | $237 | - |
A 6649 W Tropicana Avenue 204 Sold | $200,000 | 2 | 2 | 1,013 | $197 | 0.1 mi |
B 4400 S Jones Boulevard 2034 Sold | $205,000 | 2 | 2 | 947 | $216 | 0.9 mi |
C 4899 S Torrey Pines Drive 205 Sold | $215,000 | 2 | 2 | 884 | $243 | 0.1 mi |
D 4718 Nara Vista Way 104 Sold | $222,000 | 2 | 2 | 884 | $251 | 0.3 mi |
E 4855 S Torrey Pines Drive 102 Sold | $175,000 | 1 | 1 | 569 | $308 | 0.0 mi |
F 6643 Tropicana Avenue 102 Sold | $208,800 | 2 | 2 | 1,013 | $206 | 0.1 mi |
G 4865 S Torrey Pines Drive 106 Active | $269,900 List Price | 3 | 2 | 942 | $287 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1994, is over 30 years old and retains its original kitchen cabinetry and layout, which show signs of being outdated. While the listing notes significant recent functional updates including a new HVAC system and a 2024 appliance package, the interior finishes—specifically the worn carpeting and basic 90s-style fixtures—indicate the home has been maintained through regular upkeep rather than a full modern renovation.
The property features significant recent upgrades, including a new HVAC system installed in 2025, fresh interior paint, and a full new appliance package from 2024, reducing immediate maintenance concerns for a new owner.
With a tenant already in place on a flexible month-to-month lease, this unit offers an immediate income stream and a 'turnkey' solution for investors looking for a seamless transition.
As a first-floor unit in a gated community, the property offers superior accessibility and convenience, which typically commands higher demand among both renters and buyers seeking low-maintenance living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5309, other record lot size in square feet = 2304.
The community is not eligible for FHA or VA financing, which significantly limits the pool of potential buyers to those with cash or conventional loan products.
The requirement for loan pre-approval or proof of funds prior to an appointment, combined with tenant-occupied status, may deter casual buyers and complicate the initial viewing process.
Ground-floor condo with tenant in place—immediate income opportunity in the gated Los Verdes community. Highly desirable first-floor unit offering easy access and low-maintenance living. Tenant is currently month-to-month and provides flexibility for investors or owner-occupants (30-day notice). Tenant prefers to stay—ideal turnkey rental. Spacious 2BD/2BA layout with fireplace and on-site stackable washer/dryer. Assigned covered parking included. Recent upgrades include new HVAC (Aug 2025), fresh interior paint (2024), and full appliance package (2024). Enjoy resort-style amenities including 2 pools, 2 spas, and 2 on-site laundry facilities, all within a secure gated community. HOA covers water, sewer, trash, and landscaping. Appliances convey as-is. Los Verdes units not eligible for FHA or VA financing. Showings by appointment only, with Realtor; loan pre-approval and/or proof of funds required. Opportunity to live, rent, or invest in a prime Las Vegas location.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 942 | 884 | 53% |
| Lot Size | 5,309 | 1 | 84% |
| Price | $225.0K | $158.5K | 83% |
| Price per sq ft | $239 | $195 | 88% |
| Built year | 1994 | 1983 | 82% |
| HOA | $205 | $188 | 59% |
| Days on market | 16 | 1176 | 1% |
Apr 6, 2026
$225,000
Initial Listing
Jun 24, 1994
$75,500
Public Record