Antoinette Embry | Team Mission Hills

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2948-52 Franklin Ave
Metro Central San Diego 92113

$1,150,000
Residential Income beds: 5 baths: 3.0 0 sq. ft. built: 1926

Main Photo: Residential Income for sale : 5 bedrooms : 2948-52 Franklin Ave in San Diego
Photo 1: Residential Income for sale : 5 bedrooms : 2948-52 Franklin Ave in San Diego
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
250044073
Bedrooms:
5
Bathrooms:
3
Year Built:
1926
Looking for an Investment Property for 2025? Turnkey and income-producing Triplex, fully renovated in Logan Heights - 2 units furnished! Triplex offers an exceptional investment opportunity with projected short-term rental income. Ideal for investors, house hackers, or multigenerational living, the property includes 3 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, this Logan Heights triplex checks all the boxes for modern, turn-key investing.
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:
Franklin Ave
Total Building Area:
2,060 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
5
Bathrooms:
3
Full Bathrooms:
3
Half Bathrooms:
0
Stories:
1 Story
Total Stories:
1
Year Built:
1926
Age (in years):
99 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, Exchange, VA
Cap Rate.:
7.1
Gross scheduled income:
98400.0
Other income actual:
0
Operating expense:
12500.0
Number of Units:
3
Number of Units with Cooling:
3
Tenant pays:
Electricity, Other/Remarks
Unit Number for Unit 1:
2950
Unit Number for Unit 2:
2948 A
Unit Number for Unit 3:
2948 B
Projected Rent for Unit 1:
$3,600
Projected Rent for Unit 2:
$2,300
Projected Rent for Unit 3:
$2,300
Site Influences:
Public Street, Rear Yd Str Access, Street Paved
View:
N/K
Complex Features:
Gated Community, Pet Restrictions
Special Listing Conditions:
N/K, Other/Remarks
Age Restrictions:
N/K
Miscellaneous:
N/K
Exposure Front:
N/K
Construction Material:
Adobe
Lot Size:
5,227 sq. ft.
Parcel Number:
545-501-20-00
Heating:
Forced Air Unit
Heating fuel:
Electric, Other/Remarks
Cooling:
Wall/Window
Utilities:
Sewer Connected
Pool Features:
N/K
Spa Features:
N/K
Roof:
Other/Remarks
Security:
Gated Community
Telecommunications:
Wired High Speed Internet
Water supply:
Meter on Property
Irrigation:
N/K
Pets Allowed:
Yes
Zoning:
R-4:MULTIP
Fencing:
Full, Gate, Other/Remarks
Possession Details:
Close of Escrow, Other/Remarks
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Listed by Compass
Data was last updated November 15, 2025 at 03:10 AM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$1,485,000
Min list price:
$695,000
Max list price:
$18,900,000
Avg days on market:
54
Min days on market:
1
Max days on market:
1,366
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.