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2948 Franklin Avenue

San Diego CA 92113

5
3
2060 sq. ft.
5118 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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 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 with potential for $10k-$12k/ monthly, this Logan Heights triplex checks all the boxes for modern, turn-key investing.

Features

5 bedrooms
3 bathrooms
2060 sq. ft. floor area
5118 sq. ft. lot size
Multi-Family

Property history for 2948 Franklin Avenue

2021
Sold
$665,000
14 Oct 2021 by Kim Hawley, of Compass

Happy sellers in San Diego

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We have insufficient information to provide an overview of customer satisfaction for San Diego. Viewing the agent profiles, reviews and sales for San Diego can provide insights for this location.

Local market activity for 5 bedroom multi families in San Diego

In the last 12 months, 9 five-bedroom multi families similar to 2948 Franklin Avenue, have been sold.

This represents a 125% decrease in five-bedroom multi families sales when compared to the previous 12 months.

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