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Investment Highlights

  • Close proximity to the North Las Vegas City Hall and Municipal Court
  • Across from Civica Academy Charter (Elementary & Middle School)
  • Opportunity Zone Census Tract 36.16
  • Minutes from the Downtown Las Vegas and Symphony Park
  • Large 4.21 Acre Parcel with Low-Density Layout

Executive Summary

*PRICE REDUCTION* La Esperanza Apartments presents a compelling opportunity to acquire a multifamily asset positioned for a lease-up and repositioning strategy in North Las Vegas. Situated on a large 4+ acre parcel with strong street visibility along East Carey Avenue, the property offers investors multiple paths for income upside through operational improvements and targeted capital upgrades. Located in an Opportunity Zone allowing for opportunity funds and higher density build out, Census Tract 36.16.

Data Room Click Here to Access

Property Facts

Price $15,716,045 CAD
Price Per Unit $218,278 CAD
Sale Type Investment
No. Units 72
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 4.21 AC
Building Size 52,380 SF
Average Occupancy 87%
No. Stories 1
Year Built 1962
Parking Ratio 1.53/1,000 SF
Zoning RAR3 - Multiple Family Residential Opportunity Zone Census Tract 36.16

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Heating
  • Security System
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Online Services
  • Zen Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 21 - 500
2+1 41 - 575
3+1 10 - 650
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 139-14-412-032
  • 139-14-412-028
  • 139-14-412-035
  • 139-14-412-026
  • 139-14-412-025
  • 139-14-412-036
  • 139-14-412-024
  • 139-14-412-030
  • 139-14-412-034
  • 139-14-412-029
  • 139-14-412-031
  • 139-14-412-033
  • 139-14-412-037
  • 139-14-412-027
Land Assessment
$839,125 CAD
Improvements Assessment
$576,307 CAD
Total Assessment
$1,415,432 CAD
  • Listing ID: 39032246

  • Date on Market: 2026-01-09

  • Last Updated:

  • Address: 900-1208 E Carey Ave, North Las Vegas, NV 89030

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