Antoinette Embry | Team Mission Hills

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NEXT Open House + more
Oct 25, 2025 12:00 PM - 02:00 PM PDT

2146 Southwest Franklin Ave
Metro Central San Diego 92113

$1,100,000
Residential Income beds: 5 baths: 5.0 0 sq. ft. built: 2023

Main Photo: Residential Income for sale : 5 bedrooms : 2146 Southwest Franklin Ave in San Diego
Photo 1: Residential Income for sale : 5 bedrooms : 2146 Southwest Franklin Ave in San Diego
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Open House - Oct 25, 2025
12:00 PM - 02:00 PM PDT
NOTES: Open House on Saturday, October 25, 2025 12:00PM - 2:00PM
Open House - Oct 26, 2025
12:00 PM - 02:00 PM PDT
NOTES: Open House on Sunday, October 26, 2025 12:00PM - 2:00PM
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
250042199
Bedrooms:
5
Bathrooms:
5
Year Built:
2023
High-growth investment opportunity in Logan Heights, ideal for Investors & Builders. This centrally located dual-frontage property with alley access and gated parking on a level 3,422SF lot zoned RM-2-5 offers pre-approved plans for the construction of a detached ADU duplex, providing accelerated rental income potential. Currently, there is a completely remodeled turnkey 3BR/2.5BA detached 1,440SF home on the premises, with an estimated market rental value of $4,995 per month. The main house was fully rebuilt from the foundation up in 2023, retaining the original 1919 footprint. Eligible for Short-Term Residential Occupancy (STRO) licensing and Transient Occupancy Tax (TOT) registration, Buyer to confirm. The pre-approved plans, designed by SnapADU, include one detached duplex with two 1/1 units measuring ~400SF each to maximize density at three (3) rentable units on the premises. With these additions, the projected total rent after construction is up to $9,995 per month, adding two new income streams and supporting strong multi-unit cash flow. To bring this vision to life, leverage key bonus programs in place at this site by tapping into the Transit Area Overlay (TAO) and Transit Priority Area (TPA), Opportunity Zone and Promise Zone, Airport Influence Area (AIA), and Complete Communities Plan (Tier 3) unlocking ADU bonuses, transit-oriented development (TOD) density, parking relief, and fast track approvals.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
Metro Central
Neighborhood Code:
Logan Heights
Name of Complex/Subdivision:
LOGAN HEIGHTS
Building Name:
2146 Franklin
Total Building Area:
2,240 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
5
Bathrooms:
5
Full Bathrooms:
4
Half Bathrooms:
1
Stories:
2 Story
Total Stories:
2
Year Built:
2023
Age (in years):
2 year(s)
Short Sale:
false
Home Owner Fees:
$0
Home Owner Fees Include:
N/K
Mello Roos Fee:
$0
Other Fees:
$0
Other Fee Type:
N/K
Monthly Total Fees:
$0
Terms:
Cash, Conventional
Cap Rate.:
4.0
Gross scheduled income:
59940.0
Other income actual:
0
Operating expense:
14985.0
Number of Units:
3
Number of Units with Cooling:
1
Tenant pays:
Other/Remarks
Projected Rent for Unit 1:
$4,995
Projected Rent for Unit 2:
$2,500
Projected Rent for Unit 3:
$2,500
Use GPS. Commercial or S 28th to Franklin.
Elementary School District:
San Diego Unified School Distric
Junior High School District:
San Diego Unified School Distric
High School District:
San Diego Unified School Distric
Site Influences:
Alley Access, Curbs, Public Street, Sidewalks, Street Paved
View:
City
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Miscellaneous:
Value in Land
Construction Material:
Stucco
Lot Size:
3,485 sq. ft.
Parcel Number:
538-190-09-00
Heating:
Wall/Gravity
Heating fuel:
Electric
Cooling:
Wall/Window
Utilities:
Sewer Connected
Pool Features:
N/K
Spa Features:
N/K
Roof:
Composition
Security:
Other/Remarks
Telecommunications:
Wired High Speed Internet
Water supply:
Meter on Property
Irrigation:
N/K
Pets Allowed:
Yes
Zoning:
R-4:Multip
Fencing:
Full, Gate
Jurisdiction:
Incorporated
Possession Details:
Close of Escrow
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Listed by Compass
Data was last updated October 24, 2025 at 09:10 PM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$1,550,000
Min list price:
$735,000
Max list price:
$18,900,000
Avg days on market:
50
Min days on market:
1
Max days on market:
1,345
These statistics are generated based on the current listing's property type and located in Metro Central. Average values are derived using median calculations. This data is not produced by the MLS® system.
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. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. 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.