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Cyndi M. Toscani of Sea Coast Exclusive Properties
My Office Listings
2948-50 Franklin Ave
Metro Central
San Diego
92113
$1,200,000
2-4 Units
5,118 sq. ft.
built: 1926
- Status:
- Active
- Prop. Type:
- 2-4 Units
- MLS® Num:
- 250027195
- Year Built:
- 1926
- Photos (47)
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Turnkey Multi-Family Investment Opportunity in Logan Heights! Fully Furnished | Newly Renovated | Short-Term & Long-Term Rental Ready Discover this incredible multi-family property in Logan Heights—ideal for investors, house hackers, or those looking to live in one unit while generating rental income from the others! This fully renovated property features three separate residences, all thoughtfully designed with modern finishes and furnished for immediate rental potential. Perfect for short-term or long-term rentals, this prime investment is just minutes from San Diego’s top attractions, including beaches, the San Diego Zoo, Balboa Park, the Gaslamp District, Little Italy, and SeaWorld. This unique property consists of three separate units, each thoughtfully designed and upgraded. The front house, located at 2950 Franklin Ave, features 3 bedrooms and 1 bathroom across approximately 1,050 square feet. The bottom ADU unit at 2948 Franklin Unit B is a fully furnished 1-bedroom, 1-bathroom space with modern design elements, totaling around 500 square feet. It includes 2 gated parking spaces, mini split system, large kitchen. The back house, located upstairs at 2948 Franklin Unit A, is another 1-bedroom, 1-bathroom unit spanning approximately 500 sqft. and new mini split system. Shared Amenities & Features: Large lot with shared outdoor space – perfect for entertaining or relaxing, Pet-friendly environment large turf yard, Gated off-street parking for two cars.
- Total Floor Area:
- 5,118 sq. ft.475 m2
- Lot Size:
- 4,000-7,499 SF
- Lot Size:
- 5,227 sq. ft.486 m2
- Number of Buildings:
- 2
- Number of Units:
- 3
- Year Built:
- 1926
- Stories:
- 1 Story
- Total Stories:
- 1
- Market Area:
- Metro Central
- Community:
- LOGAN HEIGHTS
- County:
- San Diego
- Neighborhood Code:
- Logan Heights
- Name of Complex/Subdivision:
- Franklin Ave
- Home Owner Fees:
- 0.0
- Home Owner Fees Include:
- N/K
- Mello Roos Fee:
- 0.0
- Monthly Total Fees:
- 0.0
- Other Fees:
- 0.0
- Other Fee Type:
- N/K
- Tenant pays:
- Electricity, Other/Remarks
- Other income:
- 0
- Annual expense actual:
- 12500
- Cap Rate.:
- 7.1
- Gross Rent Multiplier:
- 12.2
- Gross scheduled income:
- 98400
- Unit Number for Unit 1:
- 2950
- Finished Area for Unit 1:
- 1,060 sq. ft.98.5 m2
- Bedrooms for Unit 1:
- 3
- Number of bathrooms for Unit 1:
- 1
- Full Bathrooms for Unit 1:
- 1
- Half Bathrooms for Unit 1:
- 0
- Deposit for Unit 1:
- 3600.0
- Total Rent for Unit 1:
- 3600.0
- Projected Rent for Unit 1:
- 3600.0
- Total Garage Spaces for Unit 1:
- 0
- Garage for Unit 1:
- N/K
- Parking for Unit 1:
- None Known
- Unit 1 Exclusive Use Yard:
- Yes
- Laundry Hook Ups for Unit 1:
- Yes
- Unit Number for Unit 2:
- 2948 A
- Finished Area for Unit 2:
- 500 sq. ft.46.5 m2
- Bedrooms for Unit 2:
- 1
- Number of bathrooms for Unit 2:
- 1
- Full Bathrooms for Unit 2:
- 1
- Half Bathrooms for Unit 2:
- 0
- Deposit for Unit 2:
- 2300.0
- Total Rent for Unit 2:
- 2200.0
- Projected Rent for Unit 2:
- 2300.0
- Total Garage Spaces for Unit 2:
- 0
- Garage for Unit 2:
- N/K
- Parking for Unit 2:
- Assigned, Detached, Uncovered
- Unit 2 Exclusive Use Yard:
- No
- Laundry Hook Ups for Unit 2:
- No
- Unit Number for Unit 3:
- 2948 B
- Finished Area for Unit 3:
- 500 sq. ft.46.5 m2
- Bedrooms for Unit 3:
- 1
- Number of bathrooms for Unit 3:
- 1
- Full Bathrooms for Unit 3:
- 1
- Half Bathrooms for Unit 3:
- 0
- Deposit for Unit 3:
- 0.0
- Total Rent for Unit 3:
- 2300.0
- Projected Rent for Unit 3:
- 2300.0
- Total Garage Spaces for Unit 3:
- 0
- Garage for Unit 3:
- N/K
- Parking for Unit 3:
- Assigned, Uncovered, None Known
- Unit 3 Exclusive Use Yard:
- No
- Laundry Hook Ups for Unit 3:
- No
- Number of bathrooms for Unit 4:
- 0
- Franklin Ave & 30th St
- Site Influences:
- Public Street, Rear Yd Str Access, Street Paved
- Miscellaneous:
- N/K
- Complex Features:
- Pet Restrictions
- Exposure Front:
- N/K
- Exterior Features:
- Adobe
- View:
- None
- Cooling:
- None
- Heating:
- Forced Air Unit
- Heating fuel:
- Electric, Other/Remarks
- Irrigation:
- N/K
- Additional Use:
- Res/Business Use OK, With Structures
- Number of Units with Cooling:
- 3
- Number of Units with Dishwashers:
- 1
- Number of Units with Dryers:
- 1
- Number of Units with Fireplaces:
- 0
- Number of Furnished Units:
- 2
- Number of Units with Garages:
- 0
- Number of Units with Patios:
- 3
- Number of Units with Range/Oven:
- 3
- Number of Units with Refrigerators:
- 3
- Number of Units with Washers:
- 1
- Pool:
- N/K
- Pool Heat:
- None Known
- Spa:
- N/K
- Spa Heat:
- None Known
- Roof:
- Other/Remarks
- RV Parking:
- None Known
- Sewer Septic:
- Sewer Connected
- Telecommunications:
- Wired High Speed Internet
- Water Heater Type:
- Other/Remarks
- Water supply:
- Meter on Property
- Security:
- Gated Community
- Fencing:
- Full, Gate, Other/Remarks
- Topography:
- Level
- Short Sale:
- No
- Listing Type:
- Exclusive Right (R)
- Age Restrictions:
- N/K
- Sales Restrictions:
- N/K, Other/Remarks
- Terms:
- Cash, Conventional, Exchange, VA
- Pets:
- Yes
- Parcel Number:
- 545-501-20-00
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Larger map options:
Listed by Compass
Data was last updated May 13, 2025 at 01:10 AM (UTC)
Area Statistics
- Listings on market:
- 30
- Avg list price:
- $1,130,000
- Min list price:
- $625,000
- Max list price:
- $4,350,000
- Avg days on market:
- 55
- Min days on market:
- 3
- Max days on market:
- 283
- Avg price per sq.ft.:
- $161.26
These statistics are generated based on the current listing's property type
and located in
Metro Central. Average values are
derived using median calculations.
- ANTOINETTE EMBRY
- Compass
- 1 (619) 504-9979
- Contact by Email

This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
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Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2025 San Diego Multiple Listing Service, Inc.