2 on Lanoitan Avenue 2245 S Lanoitan Ave 2 Unit Apartment Building $998,000 ($499,000/Unit) 3.80% Cap Rate National City, CA 91950

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.