Turnkey and income-producing, this fully renovated and furnished triplex in Logan Heights offers an exceptional investment opportunity with projected short-term rental income of up to $12k-15k per month. Ideal for investors, house hackers, or multigenerational living, the property includes three updated and private residences on one lot—each designed for immediate… Read More 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 owned 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. Read Less
Courtesy of Compass, Seth Struiksma, 619-353-5799.
Listing Snapshot
Days Online
20
Last Updated
Property Type
Res Income 2-4 Units
Beds
5
Full Baths
3
Year Built
1926
MLS Number
250035718
Additional Details
Tenant Pays
"Electricity", "Other/Remarks"
Property Access
"N/K"
Building
Built in 1926, Building area total: 2060, 2 number of buildings, 1 story total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: Franklin Ave, 3 total units, "Adobe", "1 Story"
Community
"Gated Community", "Pet Restrictions"
Cooling
"Wall/Window"
Expenses
Operating expense: $12,500
Fence
"Full", "Gate", "Other/Remarks"
Water Features
Irrigation source: "N/K", Water source: "Meter on Property"
Heating
"Forced Air Unit"
Home Owner's Association
Fee includes: "N/K"
Income
Gross scheduled income: $98,400
Lot
Size area: 0.12, Size units: Acres
Pets Policy
"Yes"
Pool
"N/K"
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income, Zoning: R-4:MULTIP, "N/K"
Roof
"Other/Remarks"
Security Features
"Gated Community"
Spa
"N/K"
Utilities
"Sewer Connected"
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