$369,000 Active Under Contract
539 L Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
850 Sq Ft
Virtual Tour

About This Property

Completely remodeled 2-bedroom home with modern upgrades throughout. New features include new HVAC system, new water heater, waterproof laminate flooring, fresh interior and exterior paint, updated lighting, and new fixtures. The kitchen is fully updated with new cabinetry, granite countertops, stainless steel appliances (range, dishwasher, built-in microwave), plus a new sink and faucet. The bathroom has been renovated with a tiled tub surround, new vanity, mirror, and toilet. Large deck and storage shed in back yard and new concrete driveway for additional street parking. Ideal for first-time buyers, downsizers, or investors. Convenient location near shopping, schools, parks, and just minutes from downtown Sparks and the Marina. Rare find at this price point, so act quickly on this one.

Listed by Rob Simpson — BHG Drakulich Realty

Listing Details

Status Active Under Contract
MLS # 260004843
Days on Market 16
Price/Sq Ft $434

Property History

Apr 22, 2026
Listed for sale
$369,000
Current
Pending
$369,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 850
Lot Size 0.15 acres
Stories 1
Year Built 1953
Property Type Single Family Residence
Subdivision Green Brae Terrace Addition 4
APN 033-061-09
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level
Construction Asbestos
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,637
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($73,800)
Home price
$369,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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