5901 OCEANSIDE Way, Las Vegas, NV 89108, Las Vegas, 89108 - 3 bed, 2 bath
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Las Vegas, NV 89108
This Income-Generating Residential Asset is listed at $429,000, representing a stabilized acquisition relative to its $372,288 Fair Market Value. Holding a Fair Condition Rating, the property provides immediate cash flow with a long-term tenant already in place and the distinct advantage of No HOA fees to preserve monthly margins. The expansive 7,405-square-foot lot offers significant outdoor utility, while the strategic location near major freeways and established schools ensures long-term desirability. This property is an ideal fit for Buy-and-Hold Investors or Owner-Occupants seeking a functional, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5901 OCEANSIDE Way Subject | $429,000* List Price | 3 | 2 | 1,208 | $308 | - |
A 6000 Santa Catalina Avenue Sold | $345,000 | 3 | 2 | 1,208 | $286 | 0.0 mi |
B 5913 Montecito Way Sold | $365,000 List Price | 3 | 2 | 1,175 | 0.1 mi | |
C 2912 Drury Street Sold | $372,500 | 3 | 2 | 1,236 | $301 | 0.8 mi |
D 3428 Miramar Drive Sold | $320,000 List Price | 3 | 2 | 1,270 | 0.2 mi | |
E 2912 Drury Street Sold | $372,500 | 3 | 2 | 1,236 | $301 | 0.8 mi |
F 2912 DRURY Street Sold | $372,500 | 3 | 2 | 1,236 | $301 | 0.8 mi |
G 3300 Point Lobos Drive Active | $325,000 List Price | 3 | 2 | 1,175 | $277 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is over 40 years old and is marketed specifically as an investor opportunity with a long-term tenant, which typically indicates a functional but dated interior. The exterior photo shows a well-maintained but aged structure, and the property analysis highlights aging infrastructure as a weakness. Without evidence of recent major renovations, the property fits the 'fair' criteria of being aged but maintained through regular upkeep.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1208.
The absence of a homeowners association eliminates monthly dues and restrictive covenants, significantly lowering carrying costs and increasing net cash flow for investors.
With a long-term tenant already in place, this property provides immediate return on investment and eliminates the initial vacancy risk and marketing costs for a new owner.
Built in 1981, the property may soon require capital improvements for major systems such as the roof or HVAC, which could impact short-term profitability.
At 1,208 square feet for a three-bedroom layout, the interior may feel small compared to modern builds, potentially limiting the pool of future buyers or tenants seeking more spacious accommodations.
Great for investors! 3 Bedroom 2 Bath Single story with long term tenant in place in a great location, near shopping dining and freeways all with no HOA!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,208 | 1,526 | 22% |
| Lot Size | 7,405 | 6,400 | 73% |
| Price | $429.0K | $352.9K | 84% |
| Price per sq ft | $355 | $232 | 99% |
| Built year | 1981 | 1984 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 882 | 20% |
Nov 1, 2025
$429,000
Initial Listing