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5104 Pebble Beach 5104 Pebble Beach Blvd 4 Unit Apartment Building $615,000 ($153,750/Unit) 8.46% Cap Rate Las Vegas, NV 89108
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.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,360
|
$17.95
|
| Other Income |
$600
|
$0.19
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,960
|
$18.14
|
| Taxes |
$1,611
|
$0.50
|
| Operating Expenses |
$5,916
|
$1.85
|
| Total Expenses |
$7,527
|
$2.36
|
| Net Operating Income |
$50,433
|
$15.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,360 |
| Annual Per SF | $17.95 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.19 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,960 |
| Annual Per SF | $18.14 |
| Taxes | |
|---|---|
| Annual | $1,611 |
| Annual Per SF | $0.50 |
| Operating Expenses | |
|---|---|
| Annual | $5,916 |
| Annual Per SF | $1.85 |
| Total Expenses | |
|---|---|
| Annual | $7,527 |
| Annual Per SF | $2.36 |
| Net Operating Income | |
|---|---|
| Annual | $50,433 |
| Annual Per SF | $15.78 |
Property Facts
| Price | $615,000 | Apartment Style | Low-Rise |
| Price Per Unit | $153,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.46% | Building Size | 3,196 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Zoning | L:R-3 | ||
| Price | $615,000 |
| Price Per Unit | $153,750 |
| 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 | $1,195 | 890 |
| 2+1 | 1 | $1,288 | 890 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 138-25-510-021 | Total Assessment | $95,467 (2026) |
| Land Assessment | $56,700 (2026) | Annual Taxes | $1,611 ($0.50/SF) |
| Improvements Assessment | $38,767 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
138-25-510-021
Land Assessment
$56,700 (2026)
Improvements Assessment
$38,767 (2026)
Total Assessment
$95,467 (2026)
Annual Taxes
$1,611 ($0.50/SF)
Tax Year
2025
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5104 Pebble Beach | 5104 Pebble Beach Blvd
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