$1,025,000
SOLD JUN 27, 2025

2732-38 Fairmount Ave San Diego, CA 92105

Azalea-Hollywood Park Neighborhood
6 Beds
3 Baths
2,212 Sq Ft
5,045 Sq Ft Lot

Recently Sold

$463 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Neighborhood Views
  • Main Floor Primary Bedroom
  • No HOA
  • Living Room

About This Home

As of June 2025

Savvy investors recognize that below-market rents mean instant equity growth, and this triplex zoned R-4 delivers exactly that. Featuring three 2BR/1BA units, including a standalone front home (approx. 761 sq ft) and stacked units with alley access (approx. 720 sq ft each), this property is fully occupied on month-to-month leases, allowing immediate rent adjustments to market rates. With pro forma rents estimated at $6,500+, there’s clear room to optimize cash flow and drive superior returns. Beyond the current income, the value-add potential here is undeniable. A third structure, currently a two-car garage, opens the door to additional revenue streams. Whether repurposed into an ADU, converted into a fourth rental unit, or leveraged for further development under R-4 zoning, the ability to maximize density ensures this asset evolves alongside investor strategy. Positioned for long-term growth, this property offers a rare blend of cash flow, appreciation upside, and expansion flexibility. Whether securing steady rental income or executing a development play, this is a future-proof investment with endless scalability. Act now—because opportunities like this don’t wait.

Last Agent to Sell the Property

Andrew Santiago

Real Broker Brokerage Phone: 619-758-5707 License #01975921 Listed on: 05/23/2025

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,045 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 5 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Triplex
  • Entry on the 2nd floor

Interior Spaces

  • 2,212 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Additional Features

  • Exterior Lighting
  • No Heating

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Tract Number 1696
  • Assessor Parcel Number 4764810900
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: R-4: Multiple Residential
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 4764810900
  • Year Built: 1958
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2212.00
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 6
  • Entry Level: 2
  • Levels: One, Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 463.38
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 5.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • School District: San Diego Unified

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Level with Street, Level, Near Public Transit, Walkstreet, Yard
  • Lot Size Sq Ft: 5045.00
  • Lot Size Acres: 0.1158

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5045.0000 Square Feet
  • Number Of Units In Community: 3

Tax Info

  • Tax Tract Number: 001696

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold $1,025,000 +2.5% $463 / Sq Ft
05/29/2025 05/29/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $999,900 -- $452 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Santiago

    Seller's Agent in 2025

    Andrew Santiago

    Real Broker

    (619) 758-5707

    1 in this area

    23 Total Sales

    Andrew Santiago
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2503665

California Regional Multiple Listing Service (CRMLS)
California San Diego County San Diego 92105 Azalea-Hollywood Park

2732-38 Fairmount Ave, San Diego, CA

This home is located at 2732-38 Fairmount Ave, San Diego, CA 92105 and is currently priced at $1,025,000, approximately $463 per square foot. This property was built in 1958. 2732-38 Fairmount Ave is a home located in San Diego County with nearby schools including Hamilton Elementary School, Clark Middle School, and Herbert Hoover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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