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Investment Highlights

  • 8.46% CAP RATE at $615,000 asking price based on current NOI of $52,044 annually. Potential to exceed 9% cap rate with projected rent increases and ad

Executive Summary

Great 4-Plex investment opportunity with tenants already in place! Each unit features 2 bedrooms and 1 bathroom. The same owner is also offering the adjacent property at 5104 Pebble Beach Blvd. A brand-new roof was recently installed, along with one new A/C unit. Strong upside potential with the ability to increase rents by at least $100 per unit, bringing projected income to approximately $64,076 annually and achieving over a 9% cap rate. Additional income potential from laundry and water reimbursements.

Data Room Click Here to Access

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $80,364 $25.15
Other Income $841 $0.26
Vacancy Loss - -
Effective Gross Income $81,205 $25.41
Taxes $2,257 $0.71
Operating Expenses $8,289 $2.59
Total Expenses $10,546 $3.30
Net Operating Income $70,659 $22.11

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $80,364
Annual Per SF $25.15
Other Income (CAD)
Annual $841
Annual Per SF $0.26
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $81,205
Annual Per SF $25.41
Taxes (CAD)
Annual $2,257
Annual Per SF $0.71
Operating Expenses (CAD)
Annual $8,289
Annual Per SF $2.59
Total Expenses (CAD)
Annual $10,546
Annual Per SF $3.30
Net Operating Income (CAD)
Annual $70,659
Annual Per SF $22.11

Property Facts

Price $861,646 CAD
Price Per Unit $215,411 CAD
Sale Type Investment
Cap Rate 8.46%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 3,196 SF
Average Occupancy 100%
No. Stories 2
Year Built 1962
Zoning L:R-3

Amenities

Unit Amenities

  • Air Conditioning
  • Tile Floors

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $1,674 CAD 890
2+1 1 $1,805 CAD 890
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
138-25-510-021
Land Assessment
$79,471 CAD (2026)
Improvements Assessment
$54,336 CAD (2026)
Total Assessment
$133,808 CAD (2026)
Annual Taxes
$2,257 CAD ($0.71 CAD/SF)
Tax Year
2025
  • Listing ID: 34512658

  • Date on Market: 2025-01-16

  • Last Updated:

  • Address: 5104 Pebble Beach Blvd, Las Vegas, NV 89108

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