2948-50 Franklin Ave, San Diego, CA 92113 - MLS#250027195

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Nicole Hazelton

Hunter & Maddox Real Estate

[email protected] +1(619) 206-1892

$1,150,000

Est. payment - /mo

5 Beds

3 Baths

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 250027195

Bedrooms 5

Year Built 1926

Property Sub-Type Res Income 2-4 Units

Property Description

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 $12,000 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 (2948 Franklin Unit B) 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 Unit A) 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.

Location

State CA

County San Diego

Community Pet Restrictions

Area Metro Central

Zoning R-4:MULTIP

Interior

Heating Forced Air Unit

Fireplace No

Exterior

Fence Full, Gate, Other/Remarks

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

Roof Type Other/Remarks

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Tax ID 545-501-20-00

Special Listing Condition N/K, Other/Remarks

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Listed by Seth Struiksma Compass

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Nicole Hazelton

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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2948-50 Franklin Ave San Diego, CA 92113

Nicole Hazelton

Key Details

Location

Interior

Exterior

Building

Others

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