SoldJun 27, 2025

Listed by Andrew Santiago from Real Brokerage Technologies

Bought with Carlos Henriquez from Real Brokerage Technologies

Source: California Regional Multiple Listing Service, Inc #PTP2503665

2732 Fairmount Avenue, San Diego, CA, 92105

$1,025,000

6
3
7
2212 sq. ft.
5045 sq. ft.

Duplex

6 days on the market

Sold: Jun 27, 2025

What's around 2732 Fairmount Avenue

About this property

Savvy investors recognize that below-market rents mean instant equity growth, and this triplex zoned R-4 delivers exactly that. Featuring three 2BR/1BA units, including a standalone front home (approx. 761 sq ft) and stacked units with alley access (approx. 720 sq ft each), this property is fully occupied on month-to-month leases, allowing immediate rent adjustments to market rates. With pro forma rents estimated at $6,500+, there?s clear room to optimize cash flow and drive superior returns. Beyond the current income, the value-add potential here is undeniable. A third structure, currently a two-car garage, opens the door to additional revenue streams. Whether repurposed into an ADU, converted into a fourth rental unit, or leveraged for further development under R-4 zoning, the ability to maximize density ensures this asset evolves alongside investor strategy. Positioned for long-term growth, this property offers a rare blend of cash flow, appreciation upside, and expansion flexibility. Whether securing steady rental income or executing a development play, this is a future-proof investment with endless scalability. Act now?because opportunities like this don?t wait.

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