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1076-1112 Sierra Vista Dr
Las Vegas, NV 89169 University District

$5,440,000 USD

Apartments For Sale • 27,150 SF

Property Details

Property Type Apartments
Total Building Size 27,150 SF
Lot Size 0.87 AC
Building Class C
Year Built 1963
Cap Rate 5.58 %
Zoning H-1, County

45 Transit Score

77 Walk Score

                
                    Highlights
                
                                Significant Value-Add and Rent Growth Potential
                            
                                Spacious 2- and 3-Bedroom Units
                            
                                Walking Distance to the Convention Center and a Short Drive to the Strip
                            
                                Two-Story Garden-Style Construction
                            
                                Located in One of the Fastest-Growing Metro Economies in the U.S.
                            
                                Strong Occupancy and Proven Rental Demand

Property Flyers

OM 32 Las Vegas (Desert Aire Apartments)

Financial Summary (Proforma)

Net Operating Income: $304,057 USD (2025)

Cap Rate:	5.58 %
Total Expenses:	$129,586 USD

Amenities

Air Conditioning
Dishwasher
Laundry Facilities
Heating
Kitchen
Refrigerator
Oven
Range

Public Transportation

Transit/Subway	Drive	Walk	Distance
Las Vegas Convention Center Station (Las Vegas Monorail - Las Vegas Monorail (The Monorail))	4 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Harry Reid International	44 min	-	10.9 mi
Boulder City Municipal	35 min	-	23.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

Bill Ketcham 702-763-2881 The Mogharebi Group

1076-1112 Sierra Vista Dr Las Vegas, NV 89169 University District