2948 Franklin Ave San Diego, CA 92113
Logan Heights NeighborhoodEstimated payment $7,224/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 250044073
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