NOT LISTED FOR SALE

2004 S Lanoitan Ave Unit 6 National City, CA 91950

Lincoln Acres Neighborhood

Estimated Value: $801,812 - $928,000

6 Beds
2 Baths
2,172 Sq Ft
$401/Sq Ft Est. Value

Last Sold April 02, 2018

Last sale price $520,000 $239 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,420/month

22 Days on Market

About This Home

As of April 2018

The Lanoitan Avenue Rentals consists of a duplex with two 3Bedroom/1Bath units. The value-add offering has immediate upside in rents. Property was listed at its recently appraised value. Appraisals will be provided during DD process. Property can be purchased together with: 773 Dorothy St, Chula Vista 775 Dorothy St, Chula Vista 777 Dorothy St, Chula Vista 326-28 Zenith St, Chula Vista

Last Agent to Sell the Property

Nic Lyon

Acre Investment Real Estate License #01469439 Listed on: 01/17/2018

Co-Listed By

Matthew Brothers

Acre Investment Real Estate License #01704743

Last Buyer's Agent

Brian Ly

Ly Realty & Mortgage License #00976671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,794

Year Built

  • Built in 1961

Lot Details

  • 6,150 Sq Ft Lot
  • Cross Fenced

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 558-290-26-00

Community Details

Overview

  • 2 Units
  • Duplex Community

Building Details

  • Net Operating Income $22,013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,794

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: S Lanoitan & E 20th
  • Neighborhood: National City
  • LP / Sq Ft: 16.22
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1961
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Cross Fencing

Condo/Co-op/Association

  • Complex Name: Duplex
  • Community: NATIONAL CITY

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 558-290-26-00
  • Estimated Lot Sq Ft: 6150

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 22013
  • Annual Expense Actual: 9415
  • Annual Expense Projected: 9415
  • Gross Rent Multiplier Actual: 16.0
  • Gross Rent Multiplier Projected: 12.0
  • Gross Sched Income Actual: 32400
  • Gross Sched Income Projected: 43080
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2024
Sold by
Tran Tien Duy and Le Thu Hong
Bought by
Tran Le Living Trust and Tran
Current Estimated Value
$871,203

Purchase Details

Listed on
Jan 17, 2018
Closed on
Mar 23, 2018
Sold by
Neely Properties Lp
Bought by
Tran Tien Duy and Le Hong Thi
Seller's Agent
Nic Lyon
Acre Investment Real Estate
Buyer's Agent
Brian Ly
Ly Realty & Mortgage
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%

Purchase Details

Listed on
Jan 17, 2018
Closed on
Mar 14, 2018
Sold by
Peterson Elroy and Peterson Beverly
Bought by
Neely Properties Lp
Seller's Agent
Nic Lyon
Acre Investment Real Estate
Buyer's Agent
Brian Ly
Ly Realty & Mortgage
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Purchase Details

Closed on
Mar 7, 2006
Sold by
Neely Dale L and Wilson Neely Penni
Bought by
Neely Properties Lp

Purchase Details

Closed on
Apr 15, 2004
Sold by
Font Inc
Bought by
Neely Dale L and Wilson Neely Penni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,800
Interest Rate
4.2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 7, 1995
Sold by
Cuevas Jesse M and Cuevas Elvira B
Bought by
Font Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tran Le Living Trust -- None Listed On Document
Tran Tien Duy $520,000 Chicago Title Company
Neely Properties Lp $250,000 None Available
Neely Properties Lp -- None Available
Neely Dale L $376,000 United Title Co
Font Inc -- South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neely Dale L $300,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2018 04/02/18 Sold $520,000 -1.0% $239 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $525,000 -- $242 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,794 $591,667 $364,104 $227,563
2024 $7,794 $580,066 $356,965 $223,101
2023 $7,690 $568,693 $349,966 $218,727
2022 $7,666 $557,543 $343,104 $214,439
2021 $7,309 $546,612 $336,377 $210,235
2020 $6,950 $541,008 $332,928 $208,080
2019 $6,757 $530,400 $326,400 $204,000
2018 $5,609 $425,000 $152,000 $273,000
2017 $5,386 $410,000 $147,000 $263,000
2016 $4,956 $375,000 $135,000 $240,000
2015 $4,458 $330,000 $119,000 $211,000
2014 $4,134 $310,000 $112,000 $198,000
Source: Public Records

Agents Affiliated with this Home

  • Nic Lyon

    Seller's Agent in 2018

    Nic Lyon

    Acre Investment Real Estate

    (760) 473-9655

    10 Total Sales

    Section Image
  • Matthew Brothers

    Seller Co-Listing Agent in 2018

    Matthew Brothers

    Acre Investment Real Estate

    (760) 230-8099

    3 Total Sales

    Section Image
  • Brian Ly

    Buyer's Agent in 2018

    Brian Ly

    Ly Realty & Mortgage

    (858) 292-8800

    16 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 180003015

San Diego MLS

APN: 558-290-26

California San Diego County National City 91950 Lincoln Acres

2004 S Lanoitan Ave Unit 6, National City, CA

This home is located at 2004 S Lanoitan Ave Unit 6, National City, CA 91950 since 17 January 2018 and is currently estimated at $871,203, approximately $401 per square foot. This property was built in 1961. 2004 S Lanoitan Ave Unit 6 is a home located in San Diego County with nearby schools including Lincoln Acres School, Granger Junior High School, and Sweetwater High School.

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