2948-50 Franklin Ave Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92113
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
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
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
Sewer Sewer Connected
Water Meter on Property
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