2948-52 Franklin Ave
San Diego, CA, 92113 $ 1,150,000
Bedrooms5 Baths3.0 Monthly Estimate*
$ 7,175
for $1,150,000 with 5 bedrooms and 3 full baths. This home was built in 1926 on a lot size of 0.117493.
Need an investment before the end of 2025? This turnkey Logan Heights triplex is fully renovated, income-producing, and STR-ready—2 units come furnished. Ideal for investors, house hackers, or multi-gen setups. 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.
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FeaturesGeneralHeating Forced Air Unit
Cooling Wall/Window
Utilities Sewer Connected
Possession Close of Escrow Other/Remarks
Roof Other/Remarks
Zoning R-4:MULTIP
HOA Fee 0.0
Association Fee Includes N/K
Pool Features N/K
Security Features Gated Community
Construction Materials Adobe
Pets Allowed Yes
Year Built 1926
Tenant Pays Electricity Other/Remarks
View N/K
Levels 1 Story
Property Subtype Res Income 2-4 Units
Community Features Gated Community Pet Restrictions
Building Name Franklin Ave
County San Diego
Operating Expense 12500.0
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name LOGAN HEIGHTS
Full Baths 3
Status PENDING
City San Diego
Senior Community Y/N N
Number Of Units Total 3
MLS Area Metro Central
Lot Size Units Acres
Lot Size Square Feet 5118.0
Spa Features N/K
Property Attached Y/N N
Virtual Tour https://tours.previewfirst.com/ml/154253
Building Area Units Sqft
Living Area Units Sqft
Standard Status Pending
Cap Rate 7.1
Freehold IDX
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ExteriorFencing Full Gate Other/Remarks
Water Source Meter on Property
Lot Size Area 0.12
Number of Buildings 2
Building Area Total 2060.0
Frontage Type N/K
Waterfront Y/N N
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InteriorTotal Stories 1
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 5
Total Baths 3
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* Excluded FeaturesList BySeth StruiksmaListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $7,175
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,206,669
Percent of Sale Price 92%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
281193 Elementary School
281006 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/14/2025 | $1,150,000 | | Listed Price |