Four-Unit
For Sale
$594,000
5032 Pebble Beach Boulevard, Las Vegas, NV 89108
Residential, Las Vegas, NV
Property Size3,196 SF
Lot Size0.17 Acres
Price / SF$185.86
Days on Market122
Property Features for 5032 Pebble Beach Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dishwasher
Subdivision
Golf Ridge Terrace 2nd Amd
Elementary school
,
Directions
FROM 95 FRWY AND DECATUR, EXIT DECATUR GO NORTH LEFT ON VEGAS
Standard status
Active
APN
138-25-510-023
Size
3,196 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
1821
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
General Realty Group Inc
(702) 736-4664
Listed By:
Victor Paulo Jr. · License #S.0179378
(702) 722-4264
Added: May 8
Changed: Sep 4
Last Checked: Sep 6 at 1:06AM
MLS# 2778220
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.
Investment Insights
Based on property information with market context.
This 3,196-square-foot quadplex contains four apartments, each configured with two bedrooms and one bathroom. The 1962 property occupies 0.17 acres and has a stucco exterior, tile flooring, composition shingle roofing, and a recently painted building. Unit features include dishwashers, while central air conditioning and natural gas central heating serve the property.
Located at 5032 Pebble Beach Boulevard in Las Vegas, the property is minutes from the Strip. Public water and public sewer support the site. The building’s four-unit configuration provides a defined multifamily layout within a compact parcel.
Located at 5032 Pebble Beach Boulevard in Las Vegas, the property is minutes from the Strip. Public water and public sewer support the site. The building’s four-unit configuration provides a defined multifamily layout within a compact parcel.
Key Highlights
- Four apartment units, each with 2 bedrooms and 1 bathroom
- 3,196 square feet on a 0.17‑acre parcel
- Building constructed in 1962 and recently painted
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,993
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$839,860
$839.9K
Cap Rate 7%
$599,900
$599.9K
Cap Rate 9%
$466,589
$466.6K
Market Conditions
NOI Build-Up for 3,196 SF
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.
Gross rent
$63.3K $19.80/SF
− Vacancy
−$3.3K −$1.03/SF
EGI
$60.0K $18.77/SF
− OpEx
−$18.0K −$5.63/SF
NOI
$42.0K $13.14/SF
Area
ZIP 89108
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$839,860
Cap Rate 7%
$599,900
Cap Rate 9%
$466,589
Alternative Uses
Best Use
Multifamily LT 5
$599.9K
$524.9K – $699.9K
NOI $41,993 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$538.2K
$470.9K – $627.9K
NOI $37,673 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.08M
$946.4K – $1.26M
NOI $75,715 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms and one bathroom, with central heating and cooling throughout the property.
Where is this quadplex located?
The property is located at 5032 Pebble Beach Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $594,000.
What are key features of this property?
This property features: Four apartment units, each with 2 bedrooms and 1 bathroom; 3,196 square feet on a 0.17‑acre parcel; Building constructed in 1962 and recently painted
