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1707 Santa Paula Dr 4 Unit Apartment Building $894,098 CAD ($223,525 CAD/Unit) 9.15% Cap Rate Las Vegas, NV 89104
INVESTMENT HIGHLIGHTS
- one block to las Vegas BL
EXECUTIVE SUMMARY
Just one block from Las Vegas Blvd, this recently remodeled property is in a highly desirable location—ideal for service industry employees or short-term rentals. With minimal operating expenses, it offers both convenience and excellent investment potential. All units are 2 bedroom 1 bath and rent for $1,395 (below market). Tenant receives free laundry, should be changed to coin laundry.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$79,095
|
$19.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,095
|
$19.97
|
| Taxes |
$2,232
|
$0.56
|
| Operating Expenses |
$255
|
$0.06
|
| Total Expenses |
$2,488
|
$0.63
|
| Net Operating Income |
$76,608
|
$19.35
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $79,095 |
| Annual Per SF | $19.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,095 |
| Annual Per SF | $19.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,232 |
| Annual Per SF | $0.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $255 |
| Annual Per SF | $0.06 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,488 |
| Annual Per SF | $0.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,608 |
| Annual Per SF | $19.35 |
PROPERTY FACTS
| Price | $894,098 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $223,525 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 9.15% | Building Size | 3,960 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 10.49 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1951/2023 |
| Property Type | Multifamily | Parking Ratio | 2.02/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4, Las Vegas - Zoning is R4, 4 approved units. | ||
| Price | $894,098 CAD |
| Price Per Unit | $223,525 CAD |
| Sale Type | Investment |
| Cap Rate | 9.15% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.49 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,960 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2023 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | R4, Las Vegas - Zoning is R4, 4 approved units. |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Storage Space
- Washer/Dryer
- Tile Floors
- Hardwood Floors
- Refrigerator
- Wi-Fi
- Dining Room
- Family Room
- Garden
- Patio
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,062 CAD | 898 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 162-03-313-002 | Total Assessment | $115,680 CAD |
| Land Assessment | $66,105 CAD | Annual Taxes | $2,232 CAD ($0.56 CAD/SF) |
| Improvements Assessment | $49,575 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
162-03-313-002
Land Assessment
$66,105 CAD
Improvements Assessment
$49,575 CAD
Total Assessment
$115,680 CAD
Annual Taxes
$2,232 CAD ($0.56 CAD/SF)
Tax Year
2025
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1707 Santa Paula Dr
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