2245 S Lanoitan Ave - Apartments FOR SALE


National City, CA 91950
$1,079,000 USD
619-358-3748
2245 S Lanoitan Ave, National City, CA for Sale
$1,079,000 USD
Apartments - FOR SALE
1/17
null | 3.18% Cap Rate

2245 S Lanoitan Ave
National City, CA 91950


HIGHLIGHTS

  • 12,569 SF Lot!
  • Two Detached SFR's
  • Rear Home has a Large backyard
  • ADU Potential
  • Front Home built in 1976 - Upgrades completed in 2025!
  • Each Home has a garage and Off Street Parking

OVERVIEW

Two detached homes on one expansive 12,569 SF lot offering immediate income and long-term potential. The front house, built in 1976, is a 1,250 SF 3 bedroom, 2 bath residence with an attached two-car garage. Recent 2025 upgrades include a fully renovated kitchen with new cabinets, quartz countertops, appliances, fresh interior paint, new laminate flooring, and an extended concrete driveway. Additional improvements include new carpet (2023), new water heater (2024), roof replacement (2018), and fumigation/paint (2017). The back house, featuring 3 bedrooms, 1 baths, a one-car garage, and a large backyard. Recent updates include a new entry door (2025), modern kitchen appliances, upgraded windows, electrical panel, laminate flooring, water heater, and wall heater, with a roof replacement in 2009. Both homes have separate gas and electric meters with shared water and trash service. Stable long-term tenants are in place, generating a combined rental income of $4,890 per month. The property is zoned RS-2 with room to add an additional 1,200 SF ADU on the flat lot, plus extra parking added in 2025. Conveniently located near top schools, Kimball Park, Plaza Bonita Mall, Market on 8th dining hall, and just minutes to Downtown San Diego, Coronado beaches, and the airport, this is an exceptional opportunity for investors or owner-occupants seeking income, lifestyle, and future development potential.

FOR SALE DETAILS

PRICE

$1,079,000 USD

PRICE/SF

$508 USD /SF

# OF UNITS

2

PRICE/UNIT

$539,500

CAP RATE

3.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 on Lanoitan Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,569 SF

ZONING

RS-2

APN/PARCEL ID

558-310-50-00

ASK ABOUT THIS PROPERTY

Seth WatjeStarker West, IncMore Info
619-358-3748

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Seth WatjeStarker West, IncMore Info
619-358-3748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.