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1821 Santa Paula Dr
Las Vegas, NV 89104
Beverly Green · Multifamily Property For Sale
·
4 Units
Investment Highlights
- 5% CAP
- Updated 12-Unit Multifamily
- Strong In-Place Income
- Updated & Renovated
- 10 minutes drive from UNLV
- High-Demand Rental Location
Executive Summary
Investment Highlights:
12-Unit Multifamily Investment Opportunity – 5% 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.
12-Unit Multifamily Investment Opportunity – 5% 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.
Property Facts
| Price Per Unit | $699,634 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5% | Building Size | 3,360 SF |
| Gross Rent Multiplier | 14.8 | Average Occupancy | 95% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4, Las Vegas - Zoning: R-4 (High Density Residential), City of Las Vegas — Allows multifamily development. | ||
| Price Per Unit | $699,634 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,360 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | R4, Las Vegas - Zoning: R-4 (High Density Residential), City of Las Vegas — Allows multifamily development. |
Amenities
- Smoke Detector
Unit Amenities
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Laundry Facilities
Property Taxes
| Parcel Number | 162-03-313-010 | Improvements Assessment | $490,611 CAD |
| Land Assessment | $91,737 CAD | Total Assessment | $582,348 CAD |
Property Taxes
Parcel Number
162-03-313-010
Land Assessment
$91,737 CAD
Improvements Assessment
$490,611 CAD
Total Assessment
$582,348 CAD
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