5260 Mission Monterey Lane 103, Las Vegas, NV 89107, Las Vegas, 89107 - 2 bed, 2 bath
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Las Vegas, NV 89107
This High-Potential Investment Opportunity is listed at a List Price of $159,000—positioned well below the $166,921 Fair Market Value by 4%. This valuation gap provides $7,921 in Instant Equity. Featuring a Granite Kitchen and Condition Rating of 4, the unit offers immediate rental utility with room for cosmetic updates. While school ratings are modest, the complex’s Pools and Exercise Room and proximity to the US 95 freeway ensure strong tenant demand. This asset is ideal for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5260 Mission Monterey Lane 103 Subject | $159,000* List Price | 2 | 2 | 876 | $191 | - |
A 220 MISSION NEWPORT Lane 106 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
B 220 MISSION NEWPORT Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
C 220 MISSION NEWPORT Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
D 220 Mission Newport Lane 106 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
E 220 Mission Newport Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
F 212 Orland Street 28 Sold | $135,000 | 2 | 1 | 748 | $180 | 0.5 mi |
G 220 Mission Catalina Lane 207 Active | $190,000 List Price | 2 | 2 | 876 | $217 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this property is over 30 years old. While the description mentions granite countertops and tile floors, the visual evidence of popcorn ceilings and older laundry appliances indicates the unit is dated and requires minor cosmetic updates to meet modern standards.
Priced at $159,000 for a 2-bedroom, 2-bathroom unit, this property represents a highly competitive entry-level price point for the Las Vegas market, ideal for first-time buyers or investors.
The inclusion of granite countertops and tile flooring provides a contemporary aesthetic and durable surfaces that exceed standard expectations for this price range.
The complex offers robust amenities including two pools and an exercise room, while its proximity to the US 95 freeway and local shopping ensures convenient daily commuting and errands.
The assigned elementary, middle, and high schools all carry low ratings (2-3), which may limit the property's appeal to families and impact long-term appreciation.
Built in 1989, the property and its systems are over 30 years old, which may necessitate near-term capital expenditures for maintenance or energy-efficiency upgrades.
This first floor condo features 2 bedrooms, living room kitchen with granite countertops, tile floors, kitchen appliances, a dining area and a balcony. The complex is close to shopping and easy access to us 95 fwy. There are 2 pools, a central courtyard, and an exercise room
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 876 | - |
| Lot Size | 8,943 | - |
| Price | $159.0K | $217.2K |
| Price per sq ft | $182 | $219 |
| Built year | 1989 | 0 |
| HOA | $62 | $0 |
| Days on market | 12 | 828 |
Jul 10, 2026
$159,000
Initial Listing