I think it's a combination of the location and the times. Plus, you have to factor in that the house may be in a state of disrepair.

There's some after-the fact history there, too. Suge Knight owned that house for awhile. He bought it after finding out that Deniro used it for the location filming of "Casino." I guess life just has to imitate art for some people. When he sold it a few years ago, the asking price was over a million dollars, so I'm thinking that the housing market collapse probably has something to do with the current asking price.

If you Google Suge Knight + 972 Vegas Valley Drive, you'll get a few hits.