4864 Pancho Villa Drive, Las Vegas, NV 89121, Las Vegas, 89121 - 4 bed, 2 bath
Loading property details...
4864 Pancho Villa Drive
Las Vegas, NV 89121
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,008Sq Ft
7,841Lot Size
Property Price
LIST PRICE$335,000
EST. MARKET VALUE
$332,858
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $335,000—positioned slightly above the $332,859 Fair Market Value. While the price reflects current market stability, the Converted Carport Casita provides a unique "house hack" advantage for rental income or multi-generational living. With a Condition Rating of 4, the home requires modernization to reach its full potential. The 7,841 sqft lot and No HOA status offer significant flexibility for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, income-generating asset.
Estimated Market Value
$332,858
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 |
|---|---|---|---|---|---|---|
★ 4864 Pancho Villa Drive Subject 4 bd · 2 ba · 1,008 sqft · $330 | $335,000* List Price | 4 | 2 | 1,008 | $330 | - |
A 4684 East Rochelle Avenue Sold 3 bd · 2 ba · 1,132 sqft · $309 · 0.3 mi | $350,000 | 3 | 2 | 1,132 | $309 | 0.3 mi |
B 4195 Sheppard Drive Sold 3 bd · 2 ba · 1,134 sqft · $291 · 0.3 mi | $330,000 | 3 | 2 | 1,134 | $291 | 0.3 mi |
C 4670 Marnell Drive Sold 4 bd · 2 ba · 1,352 sqft · $281 · 0.3 mi | $380,000 | 4 | 2 | 1,352 | $281 | 0.3 mi |
D 4682 Lancer Way Sold 3 bd · 2 ba · 1,358 sqft · $280 · 1.0 mi | $380,000 | 3 | 2 | 1,358 | $280 | 1.0 mi |
E 4792 Rita Drive Active 4 bd · 2 ba · 1,200 sqft · $325 · 0.5 mi | $389,900 List Price | 4 | 2 | 1,200 | $325 | 0.5 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, this 50+ year old home has received cosmetic updates such as new flooring, but lacks evidence of a full-scale modern renovation of major systems or kitchen/baths within the last 15 years. The exterior shows a dated roof-mounted cooling unit and cracked driveway, indicating it is a well-lived-in property that needs further modernization to meet 'Good' standards.
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 = 7841, living area = 1008.
- Additional Living Unit
The property includes a converted carport casita featuring a private bedroom, full bath, and kitchenette, providing excellent potential for multi-generational living or guest accommodations.
- No HOA Restrictions
The absence of a Homeowners Association offers owners greater property freedom and eliminates monthly association fees, enhancing the overall affordability of the home.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Bathroom Limitations
Despite having four bedrooms in the main residence, there is only one 3/4 bathroom, which may be insufficient for larger families or high-occupancy living.
- School Performance Ratings
The assigned middle and high schools currently hold lower performance ratings (2 and 3 respectively), which could be a deterrent for education-focused buyers.
About 4864 Pancho Villa Drive
CHARMING HOME WITH A CONVERTED CARPORT CASITA & NO HOA! MAIN HOME FEATURES 4 BEDROOMS & A ¾ BATH, WHILE THE CASITA OFFERS 1 BEDROOM, A FULL BATH, SINK & MICROWAVE. LOW-MAINTENANCE DESERT LANDSCAPING & A LARGE BACKYARD! BRIGHT, OPEN & AIRY FLOOR PLAN WITH ABUNDANT NATURAL LIGHT & UPDATED FLOORING. KITCHEN FEATURES A DINING AREA, AMPLE COUNTER SPACE & PLENTY OF CABINET STORAGE. SECONDARY BEDROOMS OFFER AMPLE CLOSET SPACE. CONVENIENTLY LOCATED NEAR A PARK, SHOPPING, DINING, ENTERTAINMENT & FREEWAY ACCESS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 7,841 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 • 0.3 mi
3/10
William E Ferron Elementary School
Grades PK-5 • 0.4 mi
5/10
C W Woodbury Middle School
Grades 6-8 • 1.2 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 | 1,008 | 1,959.772 |
| Lot Size | 7,841 | 5,961.915 |
| Price | $335.0K | $484.5K |
| Price per sq ft | $332 | $259 |
| Built year | 1972 | 2001 |
| HOA | $0 | $82 |
| Days on market | 12 | 62 |
Pricing History
Listed for Sale
Oct 12, 2026
$335,000
Initial Listing