5321 El Nuevo Drive, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
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Las Vegas, NV 89120
This Versatile Residential Property is listed at $415,000, offering a stable investment opportunity aligned with its $401,242 Fair Market Value. Boasting a Condition Rating of 3, the home features a modernized interior with wood-look tile flooring and updated shaker-style cabinetry. The property’s primary value-add is the unpermitted garage conversion studio with a separate entrance and kitchenette, providing immediate rental income potential. With energy-efficient solar panels and No HOA restrictions, this home minimizes carrying costs while maximizing utility. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5321 El Nuevo Drive Subject | $415,000* List Price | 3 | 2 | 1,492 | $269 | - |
A 4129 Ridgewood Avenue Sold | $449,999 | 3 | 2 | 1,464 | $307 | 0.9 mi |
B 4331 Vader Avenue Sold | $415,000 | 3 | 2 | 1,620 | $256 | 0.6 mi |
C 5375 Saltaire Street Sold | $450,000 | 4 | 2 | 1,519 | $296 | 0.7 mi |
D 5630 Neosho Street Sold | $341,000 | 3 | 2 | 1,620 | $210 | 0.6 mi |
E 4331 Vader Avenue Sold | $415,000 | 3 | 2 | 1,620 | $256 | 0.6 mi |
F 4948 Orinda Circle Sold | $365,000 | 4 | 2 | 1,728 | $211 | 0.4 mi |
G 4242 Vader Avenue Active | $424,000 List Price | 3 | 2 | 1,620 | $262 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1980, the property appears move-in ready with significant recent interior updates. Images show modern wood-look tile flooring, updated shaker-style kitchen cabinetry with a contemporary patterned backsplash, and stainless steel appliances. The addition of solar panels in 2021 and the well-maintained appearance of the laundry and kitchen areas align with the 'good' criteria, despite the unpermitted nature of the garage conversion.
The property includes a garage conversion studio with a separate entrance, kitchenette, and bathroom, offering excellent potential for rental income or a private guest suite.
Equipped with solar panels installed in 2021 and a low monthly payment of $81, the home provides significant utility cost savings in the Las Vegas climate.
With zero association fees, this property offers lower monthly carrying costs and greater freedom for the homeowner compared to many surrounding Las Vegas communities.
The garage conversion is unpermitted, which may present challenges for certain types of financing, appraisal valuations, or future building code compliance.
Built in 1980, the home may require more frequent maintenance or updates to major systems and cosmetic finishes to compete with newer residential inventory.
This is a house with 3 bedrooms and 2 bathrooms, in addition the garage area come with unpermitted garage conversion studio with additional room and bathroom and kitchenette area and separate entrance. Also, this house come with solar panels installed back in 8/25/2021 and the monthly payment is only $ 81.00 at month. This property come with all appliances in the house area and in the garage converted area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 3.0 | 50% |
| Square foot | 1,492 | 2,065 | 11% |
| Lot Size | 6,970 | 8,712 | 25% |
| Price | $415.0K | $435.0K | 49% |
| Price per sq ft | $278 | $211 | 73% |
| Built year | 1980 | 1979 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 629 | 1% |
Mar 23, 2026
$415,000
Initial Listing