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$ 1,150,000
Est. payment /mo
Price Dropped by $50K
2948 50 Franklin Ave San Diego, CA 92113
5,118 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 250027195SD
HOA Y/N No
Year Built 1926
Lot Size 5,118 Sqft
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
Area 92113 - Logan Heights
Building/Complex Name Franklin Ave
Zoning R-4:MULTIP
Interior
Heating Electric, Forced Air, See Remarks
Cooling None
Fireplace No
Exterior
Pool None
Community Features Gated
View Y/N Yes
View None
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5455012000
Security Features Gated Community
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Listed by Seth Struiksma • Compass