NOT LISTED FOR SALE

2041 Franklin Ave San Diego, CA 92113

Logan Heights Neighborhood

Estimated Value: $839,000 - $944,000

4 Beds
2.5 Baths
1,384 Sq Ft
$648/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $575,000 $415 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,267/month

12 Days on Market

Highlights

  • Gated Parking
  • 3-minute walk to 25Th & Commercial
  • Finished Attic
  • Retreat
  • Traditional Architecture
  • Bonus Room

About This Home

As of November 2019

Prime opportunity for investors, builders, developers, end-users for a cash flow move-in ready 4 bed 2.5 bath home. Simply wall off one doorway and create two separate homes consisting of a 2/1 front house and 2/2 back house. Live in one and rent the other or rent both for approximately $4k a month creating a 5.3% cap rate. Build additional units on the 4691 sf lot zoned RM-3-7. Property comes with a preliminary drawings to add a garage and ADU which would have views of downtown. See supplement. Located in fast developing Logan Heights, this move-in ready home has tons to offer and unlimited potential. Functional layout with 4 bedrooms and 2.5 baths located on a large lot make this an ideal home for end users. Nice new front deck perfect for morning coffee or evening wine. Spacious kitchen that opens to dinning room. Large updated master bath with beautiful tile and finishes. Tons of storage with a large attic space as well as outside storage. Fresh paint through out, new landscaping, new side deck, and much more. Alley access to the back of the property. Large flat pad located at rear of the property perfect for adding a garage or space for additional parking. Investors, developers, builders, can easily transform this in two separate houses by walling off one door way. Rent out both homes for approximately $4K a month at a 5.3% cap rate. The 4691 sf lot is zoned RM-3-7 so there is an option to build additional units. Property comes with preliminary drawings of a garage and ADU that will have views of downtown.

Last Agent to Sell the Property

Kevin Bennett

Compass License #01948696 Listed on: 09/27/2019

Compass

Co-Listed By

Cortney Bennett

Compass License #01382469

Last Buyer's Agent

Aaron Castagna

eXp Realty of California, Inc. License #01458327

eXp Realty of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,606

Year Built

  • Built in 1906

Lot Details

  • Partially Fenced Property
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1,384 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Finished Attic
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat

Parking

  • 4 Parking Spaces
  • Gated Parking

Utilities

  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 538-160-24-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,606

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Traditional
  • Residential Styles: Detached
  • Market Area: Metro Central
  • Cross Street: Commercial
  • Neighborhood: Logan Heights
  • Supplement: Located in fast developing Logan Heights, this move-in ready home has tons to offer and unlimited potential. Functional layout with 4 bedrooms and 2.5 baths located on a large lot make this an ideal home for end users. Nice new front deck perfect for morning coffee or evening wine. Spacious kitchen that opens to dinning room. Large updated master bath with beautiful tile and finishes. Tons of storage with a large attic space as well as outside storage. Fresh paint through out, new landscaping, new side deck, and much more. Alley access to the back of the property. Large flat pad located at rear of the property perfect for adding a garage or space for additional parking. Investors, developers, builders, can easily transform this in two separate houses by walling off one door way. Rent out both homes for approximately $4K a month at a 5.3% cap rate. The 4691 sf lot is zoned RM-3-7 so there is an option to build additional units. Property comes with preliminary drawings of a garage and ADU that will have views of downtown.
  • LP / Sq Ft: 432.8
  • Price Per Sq Ft: 415.46
  • SP/ Sq Ft: 415.46
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1906
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Searchable Rooms: Bedroom Entry Level, Bonus Room, Breakfast Area, Den, Dining Area, Dining Room/Separate, Family Room, Finished Attic, Master Retreat, MBR Entry Level, Office, Storage Room, Utility Room, Kitchen, Living Room, Master Bedroom, Laundry, Master Bathroom
  • Total Bedrooms: 4
  • Bedrooms: 4
  • Master Bedroom Dimensions: 12x12
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 1384
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Non Garage Parking: Gated
  • Garage Spaces: 4
  • Parking Spaces Total: 4

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Forced Air Unit
  • Utilities: Sewer Connected

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 538-160-24-00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Nov 8, 2019
Sold by
Welby Edward A
Bought by
Harrison Christian N and Gunn Iain C
Seller's Agent
Kevin Bennett
Compass
Buyer's Agent
Aaron Castagna
eXp Realty of California, Inc.
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Current Estimated Value
$850,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,190
Avg. Annual Appreciation
6.49%
Original Mortgage
$564,585
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 2003
Sold by
Ronquillo Richard E and Ronquillo Susan
Bought by
Welby Edward A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.5%
Source: Public Records

Range of Values:

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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
Harrison Christian N $575,000 Fidelity National Title
Welby Edward A -- Fidelity National Title
Welby Edward A $255,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrison Christian N $561,000
Closed Harrison Christian N $564,585
Previous Owner Welby Edward $150,000
Previous Owner Welby Edward A $352,000
Previous Owner Welby Edward A $95,000
Previous Owner Welby Edward A $204,000
Previous Owner Ronquillo Richard E $148,750
Previous Owner Ronquillo Richard E $34,750
Previous Owner Ronquillo Richard E $32,309
Previous Owner Ronquillo Richard E $112,066
Closed Welby Edward A $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $575,000 -4.0% $415 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $599,000 -- $433 / 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 $7,606 $628,843 $519,480 $109,363
2024 $7,606 $616,514 $509,295 $107,219
2023 $7,438 $604,426 $499,309 $105,117
2022 $7,241 $592,575 $489,519 $103,056
2021 $7,191 $580,957 $479,921 $101,036
2020 $7,104 $575,000 $475,000 $100,000
2019 $4,025 $331,070 $233,697 $97,373
2018 $3,763 $324,579 $229,115 $95,464
2017 $3,672 $318,216 $224,623 $93,593
2016 $3,611 $311,977 $220,219 $91,758
2015 $3,557 $307,292 $216,912 $90,380
2014 $3,485 $300,000 $243,000 $57,000
Source: Public Records

Agents Affiliated with this Home

  • Kevin Bennett

    Seller's Agent in 2019

    Kevin Bennett

    Compass

    (619) 929-6858

    64 Total Sales

    Section Image
  • Cortney Bennett

    Seller Co-Listing Agent in 2019

    Cortney Bennett

    Compass

    (858) 353-4436

    64 Total Sales

    Section Image
  • Aaron Castagna

    Buyer's Agent in 2019

    Aaron Castagna

    eXp Realty of California, Inc.

    (760) 310-9625

    52 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 190053329

San Diego MLS

APN: 538-160-24

California San Diego County San Diego 92113 Logan Heights

2041 Franklin Ave, San Diego, CA

This home is located at 2041 Franklin Ave, San Diego, CA 92113 since 27 September 2019 and is currently estimated at $897,187, approximately $648 per square foot. This property was built in 1906. 2041 Franklin Ave is a home located in San Diego County with nearby schools including Burbank Elementary School, Logan Memorial Educational Campus, and King-Chavez Academy Of Excellence.

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