$1,150,000
PENDING

Estimated payment $7,224/month

Total Views 4,998
5 Beds
3 Baths
2,060 Sq Ft
$558 Price per Sq Ft

Highlights

  • Gated Community
  • Heating Available
  • 3-minute walk to Memorial Park
  • Gated Home
  • 1-Story Property

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 each 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.

Listing Agent

Seth Struiksma

Compass License #01868552 Listed on: 08/07/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Gated Home
  • Property is Fully Fenced

Home Design

  • Adobe

Interior Spaces

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

Overview

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

Pet Policy

  • Pets Allowed
  • Pet Restriction

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
  • CapRate: 7.1
  • Co List Office Mls Id: 991248
  • Subdivision Name: LOGAN HEIGHTS
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Stories: 1

Exterior Features

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

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air Unit
  • Utilities: Sewer Connected
  • Water Source: Meter on Property

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Zoning: R-4:MULTIP

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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Average Value
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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
09/06/2025 09/06/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $1,150,000 -- $558 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250035718

San Diego MLS