2948 Franklin Ave San Diego, CA 92113
Logan Heights NeighborhoodEstimated payment $7,447/month
Total Views
529
5
Beds
3
Baths
2,060
Sq Ft
$558
Price per Sq Ft
Highlights
- Gated Community
- Gated Home
- Heating Available
- The community has rules related to allowing live work
- Level Lot
- 3-minute walk to Memorial Park
About This Home
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 $12k-15k 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 (2952 Franklin) 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) 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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 5,118 Sq Ft Lot
- Gated Home
- Property is Fully Fenced
- Level Lot
Home Design
- Adobe
Interior Spaces
- 1-Story Property
- Wired For Data
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Separate Water Meter
Listing and Financial Details
- Vacation Rental by Owner
- Assessor Parcel Number 545-501-20-00
Community Details
Overview
- 2 Buildings
- 3 Units
- Franklin Ave Community
- The community has rules related to allowing live work
Pet Policy
- Breed Restrictions
Additional Features
- Net Operating Income $87,900
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $1,150,000 | 0.0% | $558 / Sq Ft |
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 01/21/2025 01/21/25 | For Rent | -- | -- | -- |
Source: San Diego MLS
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250035718
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