5445 CALIENTE Street, Las Vegas, NV 89119, Las Vegas, 89119 - 3 bed, 3 bath
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Las Vegas, NV 89119
Analysis of 5445 CALIENTE Street, Las Vegas, NV 89119 is currently available with a list price of $1,399,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a tear-down opportunity, with the listing description stating the structure has 'Poor Structural Condition' and suggesting a buyer may want to 'tear down the existing structure and start new.' Built in 1976 with no recorded major renovations in nearly 50 years, the home requires significant TLC and the primary value of the $1.8M listing price is derived from the 2.48 acres of land and its development potential near the Las Vegas Strip.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 108028, living area = 2613.
Situated just minutes from the Las Vegas Strip and Harry Reid International Airport, this property offers unparalleled access to the city's primary employment and entertainment hubs.
The 2.48-acre site consists of six contiguous parcels with the potential to rezone for multi-family residential use, allowing for up to 8 units per acre.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =108028, other record lot size in square feet = 48787.
The existing 1976 residence requires significant updating and TLC, likely serving as a tear-down or requiring a substantial capital investment to become habitable.
While the property offers multi-family potential, any development beyond a single-user estate is contingent upon successful rezoning approvals, which carries inherent risk and timing delays.
Excellent property on 2.48 acres. LOCATION! LOCATION! Only minutes to the Las Vegas Strip and airport Perfect for the person who wants room to breath. The house itself needs updating and TLC but it's a diamond in the rough on a nice piece of property consisting of 6 different contiguous parcels. This is a different type of property for the client who either wants to develop into possible multiple units or the man who just wants to tear down the existing structure and start new on a nice piece of land surrounded by trees in the heart of Las Vegas only minutes from the Airport and Las Vegas Strip. Can be used for a single user or possible changed to R-5 or R-S zoning for up to 8 units per acre for multi-family residential development.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,613 | 1,548 | 90% |
| Lot Size | 108,028 | 6,970 | 99% |
| Price | $1.40M | $375.0K | 99% |
| Price per sq ft | $535 | $251 | 99% |
| Built year | 1976 | 1979 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 191 | 1055 | 22% |
Apr 3, 2026
$1,399,000
$1,800,000
-22% Price Drop
Initial Listing
Oct 13, 2025
$1,800,000
Initial Listing