1812 Santa Paula Drive

Las Vegas, Nevada

Multifamily-Zoned Infill Development Opportunity

Prepared Exclusively By
The OGRE Network
Effort + Consistency = Results

EXECUTIVE SUMMARY

1812 Santa Paula Drive represents a compelling multifamily-zoned infill development opportunity located in a central Las Vegas submarket with sustained residential demand and limited land availability. The property is currently improved with an existing structure previously utilized as a chiropractor’s office, allowing for interim income or flexible short-term use while redevelopment plans are advanced.

The site’s multifamily zoning provides the foundation for meaningful residential density, positioning the asset for ground-up apartment development, townhome construction, or other residential income-producing uses, subject to buyer verification and municipal approvals. Proximity to major employment corridors, arterial roadways, retail centers, and public transportation supports efficient lease-up and long-term performance.

This offering presents a true land-value play with optionality—acquire, hold, reposition, or redevelop—allowing developers and investors to capitalize on favorable market fundamentals while controlling basis in a supply-constrained infill corridor.

INVESTMENT HIGHLIGHTS

• Multifamily zoning enabling residential density

• Central infill location with proven rental demand

• Existing improvements provide holding income potential

• Ideal for small-to-mid scale multifamily or townhome development

• Attractive basis relative to replacement cost

• Multiple exit strategies: develop, reposition, or sell entitled

PROPERTY OVERVIEW

Address: 1812 Santa Paula Drive, Las Vegas, NV
Zoning: Multifamily (Buyer to verify density and use)
Current Use: Medical / Office (Chiropractor)
Offering Type: Development / Value-Add Investment

DEVELOPMENT THESIS

• Infill multifamily sites are increasingly scarce in central Las Vegas
• Strong demand drivers support long-term rental growth
• Existing structure allows for income during entitlement phase
• Favorable fundamentals for small-to-mid scale residential development

LOCATION OVERVIEW

The property benefits from a central Las Vegas location with close proximity to employment centers, retail corridors, dining, and major transportation routes. The surrounding area supports consistent tenant demand and positions future development for strong absorption.

DISCLAIMER

Information contained herein has been obtained from sources deemed reliable; however, no representation or warranty is made as to its accuracy. Buyer to independently verify zoning, density, development feasibility, and all material facts.

CONFIDENTIAL OFFERING
This Offering Memorandum is intended solely for qualified investors and developers. Distribution without consent is prohibited.