$1,150,000

Estimated payment $7,224/month

Total Views 9,532
5 Beds
3 Baths
2,060 Sq Ft
$558 Price per Sq Ft

Highlights

  • Gated Community
  • Forced Air Heating System
  • 3-minute walk to Memorial Park
  • 1-Story Property
  • Gated Home

About This Home

Need an investment before the end of 2025? This turnkey Logan Heights triplex is fully renovated, income-producing, and STR-ready—2 units come furnished. Ideal for investors, house hackers, or multi-gen setups. 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 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.

Listing Agent

Seth Struiksma

Compass License #01868552 Listed on: 11/14/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,118 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Home Design

  • Adobe

Interior Spaces

  • 5 Bedrooms
  • 2,060 Sq Ft Home
  • 1-Story Property
  • Wired For Data

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

Overview

  • Association fees include n/k
  • 2 Buildings
  • 3 Units
  • Franklin Ave Community
  • Logan Heights Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Additional Features

  • Operating Expense $12,500
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1926
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: Gated Community, Pet Restrictions
  • Frontage: N/K
  • SpaFeatures: N/K
  • Security Features: Gated Community
  • CapRate: 7.1
  • Association Fee Inclusions: N/K
  • Co List Office Mls Id: 991248
  • Subdivision Name: LOGAN HEIGHTS
  • BuildingName: Franklin Ave
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-22T19:22:54Z
  • AgeRestrictions: N/K
  • FullAddress: 2948-52 Franklin Ave
  • Miscellaneous: N/K
  • ShortSale: No
  • Site: Public Street, Rear Yd Str Access, Street Paved
  • Telecommunications: Wired High Speed Internet
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Total Bedrooms: 5

Exterior Features

  • Fencing: Full, Gate, Other/Remarks
  • Roof: Other/Remarks
  • View: N/K
  • Pool Features: N/K
  • Construction Type: Adobe

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air Unit
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric, Other/Remarks

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Zoning: R-4:MULTIP
  • Lot Size Sq Ft: 5118.0

Rental Info

  • Tenant Pays: Electricity, Other/Remarks

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Annual Operating Expense: 12500.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/24/2025 11/24/25 Off Market $1,150,000 -- --
11/22/2025 11/22/25 For Sale $1,150,000 0.0% $558 / Sq Ft
11/14/2025 11/14/25 For Sale $1,150,000 -- $558 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250044073

San Diego MLS