Homes for sale - 2948-50 Franklin Ave, San Diego, CA 92113

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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,150,000

Est. payment - /mo

5 Beds

3 Baths

1,060 SqFt

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,060 sqft

Price per Sqft $1,084

Subdivision Logan Heights

MLS Listing ID 250027195

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1926

Lot Size 5,118 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Turnkey and income-producing, this fully renovated and furnished triplex in Logan Heights offers an exceptional investment opportunity with projected short-term rental income of up to $12,000 per month. Ideal for investors, house hackers, or multigenerational living, the property includes three updated and private residences on one lot—each designed for immediate rental use. The front home at 2950 Franklin Ave is a spacious 3-bedroom, 1-bathroom unit with approximately 1,050 sq ft of living space. Behind it, the lower ADU (2948 Franklin Unit B) features a stylishly designed 1-bedroom, 1-bathroom layout with a large kitchen, modern finishes, and a mini-split system. Above that, the upper unit (2948 Franklin Unit A) is another bright and airy 1-bedroom, 1-bathroom space, also equipped with a new mini-split system. All units are thoughtfully furnished and move-in ready, allowing for quick occupancy or rental turnover. This property is packed with value-added features, including owned solar panels, an EV charging station, gated off-street parking for three vehicles, and a fully fenced lot with an expansive turf yard—perfect for entertaining or pet-friendly stays. Located in a walkable, rapidly appreciating neighborhood, you're just minutes from Balboa Park, the San Diego Zoo, Downtown, Little Italy, beaches, and major freeways. Whether you're looking to live in one unit and rent the others, operate a high-performing short-term rental portfolio, or simply hold a strong cash-flowing asset, this Logan Heights triplex checks all the boxes for modern, turn-key investing.

Location

State CA

County San Diego

Community Logan Heights

Area Logan Heights (92113)

Building/Complex Name Franklin Ave

Zoning R-4:MULTIP

Interior

Heating Electric, Other/Remarks

Appliance Forced Air Unit

Exterior

Exterior Feature Adobe

Parking Features Unit1:N/K Unit2:N/K Unit3:N/K

Fence Full, Gate, Other/Remarks

Community Features Pet Restrictions

Complex Features Pet Restrictions

Roof Type Other/Remarks

Building

Lot Description Public Street, Rear Yd Str Access, Street Paved

Story 1

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Exchange, VA

Space Rent $3,600

Listing Terms Cash, Conventional, Exchange, VA

Special Listing Condition N/K, Other/Remarks

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/snd/250027195

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Listed by Seth Struiksma • Compass

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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