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    Updated 4-Plex with Private Balconies Title is generated by Realmo AI

    1711 Santa Paula Drive, Las Vegas, NV 89104

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    Claim this Listing
    New
    For Sale
    $689,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    3,660 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $188/SF
    Added:
    Jul 2, 2026
    Days on Market:
    6
    Last Refresh:
    Jul 7 at 7:06 pm

    Property Features for 1711 Santa Paula Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Window features
    Blinds
    Interior features
    Window Treatments
    Appliances
    Electric Water Heater, Oven, Range, Refrigerator
    Standard status
    Active
    APN
    162-03-313-003
    Size
    3,660 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1935

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Wood Frame
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Contact an agent
    Jacob Hammons

    Listing agent Jacob Hammons License #S.0186190

    Listing office Zzyzx Realty 1180 N Town Center Drive #100, Las Vegas, NV

    Listing date Jul 2, 2026

    MLS# 2796673

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Updated 4‑plex with four 2‑bedroom, 1‑bath units
    • Two units currently rented at $1,290/month and $1,140/month
    • Central heating and central A/C; electric water heater
    • Vinyl flooring and window treatments; shingle/composition roof
    • Assigned resident parking and security entrance to unit entry doors
    • Fully fenced side yard with private access to each unit; private balconies

    Overview

    This updated 4-plex contains four residential units, each configured as 2-bedroom, 1-bathroom living space. Units feature luxury vinyl plank flooring throughout, with assigned parking for residents. The property includes a security entrance at the entry doors, private balconies, and a fully fenced side yard that provides private access to each unit.

    The building is located on Santa Paula Drive, just one block from Las Vegas Blvd, in Las Vegas (Clark County), NV 89104. Current occupancy includes two of the four units being rented, with tenants paying $1,290 and $1,140 per month.

    For tenants or buyers seeking a small multi-family setup, the unit mix provides consistent layouts across the property, while the outdoor configuration supports resident privacy through separate access points. The offering also notes a possibility of a fifth unit studio and/or an on-site laundry room, which may provide additional flexibility for an owner-operator or investor planning unit improvements and operational decisions.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $63.7k $17.40
    − Vacancy −$3.5k −$0.96
    EGI $60.2k $16.44
    − OpEx −$18.1k −$4.93
    NOI $42.1k $11.51
    3,660 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $601.8K
    $526.6K – $702.1K (±1% cap)
    NOI $42,127 @ 7.0% cap · market cap 6.11%
    Second Best
    Apartment 5plus
    $556.1K
    $486.6K – $648.8K (±1% cap)
    NOI $38,930 @ 7.0% cap · market cap 5.65%
    Theoretical Best
    Specialty Retail
    $1.26M
    $1.11M – $1.48M (±1% cap)
    NOI $88,528 @ 7.0% cap · market cap 12.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Daycare Center (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Buffet Fish Market (Bike/Boat/Book/etc) Store Nursing Home Clothing & Fashion Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.15054
    Latitude
    36.150648

    FAQs

    What type of property is this?
    Quadplex - Updated 4-plex offering four 2-bedroom units, private balconies, and fenced side-yard access for residents.
    Where is this quadplex located?
    The property is located at 1711 Santa Paula Drive Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: Updated 4‑plex with four 2‑bedroom, 1‑bath units; Two units currently rented at $1,290/month and $1,140/month; Central heating and central A/C; electric water heater
    More about this property
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