1821 Santa Paula Dr - Apartments FOR SALE


Las Vegas, NV 89104- Huntridge
$2,050,000 USD
702-359-0808
1821 Santa Paula Dr, Las Vegas, NV for Sale
$2,050,000 USD
Apartments - FOR SALE
1/13
null | 5.36% Cap Rate

1821 Santa Paula Dr
Las Vegas, NV 89104
Huntridge


HIGHLIGHTS

  • 5.3% CAP
  • Updated & Renovated
  • Updated 12-Unit Multifamily
  • 10 minutes drive from UNLV
  • Strong In-Place Income
  • High-Demand Rental Location

OVERVIEW

Investment Highlights: 12-Unit Multifamily Investment Opportunity – 5.3% CAP Rate Excellent opportunity to acquire a well-performing 12-unit multifamily property consisting of all 1-bedroom / 1-bath units. The asset offers a strong 5% cap rate, providing immediate cash flow with long-term upside potential. The property has undergone renovations and updates, enhancing both curb appeal and tenant desirability. Improvements support stable occupancy and strong rental demand in this centrally located submarket. Strategically located just 10 minutes from UNLV, the property benefits from consistent rental demand driven by students, faculty, medical professionals, and airport employees. Situated in the established Huntridge neighborhood, residents enjoy convenient access to major employment and transportation hubs, including: **Harry Reid International Airport – 12 minutes **Downtown Las Vegas ** The Las Vegas Strip ** Major retail, dining, and entertainment corridors ** Public transportation routes This centrally located property offers investors: **Strong in-place income **High rental demand area **Efficient 1x1 unit mix **Attractive yield in a growth corridor **Proximity to education, tourism, and employment centers ** Ideal for investors seeking a stabilized asset with durable tenant demand in one of Las Vegas’ most accessible submarkets.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$610 USD /SF

# OF UNITS

12

PRICE/UNIT

$170,833

CAP RATE

5.36%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beverly Green

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

R4, Las Vegas

APN/PARCEL ID

162-03-313-010

ASK ABOUT THIS PROPERTY

Rena LevyRealty One GroupMore Info
702-359-0808

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Rena LevyRealty One GroupMore Info
702-359-0808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.