2948 52 Franklin Ave
San Diego, CA, 92113 $ 1,150,000
Baths1.0 Monthly Estimate*
$ 7,081
Studio for $1,150,000 with 1 full bath. This home was built in 1926 on a lot size of 0.1175.
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 Electric Forced Air See Remarks
Cooling Wall/Window Unit(s)
Possession Close Of Escrow See Remarks
Zoning R-4:MULTIP
HOA Fee 0
Pool Features None
Security Features Gated Community
Year Built 1926
Tenant Pays Electricity See Remarks
View None
Stories Count 1
Levels One
Community Features Gated
County San Diego
Net Operating Income 87900
Property Type Residential Income
Subdivision Name Logan Heights
Status Pending
Directions CrossStreet: Franklin Ave & 30th St
City San Diego
Senior Community Y/N false
Number Of Units Total 3
MLS Area 92113 - Logan Heights
Lot Size Units Square Feet
Lot Size Square Feet 5118
Listing Terms Cash Conventional VA Loan
Spa Features None
Virtual Tour https://tours.previewfirst.com/ml/154253
Standard Status Pending
Cap Rate 7.1
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InteriorTotal Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorTotal Parking 0
Lot Size Area 5118
Park Name Franklin Ave
Number of Buildings 2
Spa true
Lot Size Acres 0.1175
Private Pool false
Lot Size Source Assessor
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* Excluded FeaturesList Byseth.struiksma@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,081
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $2,203,007
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.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $1,150,000 | | Listed Price |