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Ghio Panissidi And Associates

jgghio@gmail.com +1(619) 261-3002

$ 1,100,000

Est. payment -/mo

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Open Sat 12PM-2PM

2146 Franklin Ave Southwest San Diego, CA 92113

3 Beds

2.5 Baths

1,440 SqFt

Open House

Sat Oct 25, 12:00pm - 2:00pm

Sun Oct 26, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $763

Subdivision Logan Heights

MLS Listing ID 250042187

Style Contemporary,Craftsman,Modern

Bedrooms 3

Full Baths 2

Half Baths 1

Year Built 2023

Lot Size 3,422 Sqft

Lot Dimensions 3422

Property Sub-Type Detached

Property Description

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.

Location

State CA

County San Diego

Area Metro Central

Zoning R-4:Multip

Direction Use GPS. Commercial or S 28th to Franklin.

Interior

Interior Features Bathtub, Dry Bar, Kitchen Island, Open Floor Plan, Pantry, Recessed Lighting, Remodeled Kitchen, Shower, Shower in Tub, Stone Counters, Storage Space, Unfurnished, Kitchen Open to Family Rm

Heating Wall/Gravity

Cooling Wall/Window

Flooring Laminate, Stone, Tile, Wood

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Gas Oven, Gas Stove, Gas Range, Gas Cooking

Laundry Electric, Gas, Washer Hookup, Gas & Electric Dryer HU

Exterior

Parking Features None Known

Fence Full, Gate, Chain Link, Wood

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Meter on Property,Public

View City, Neighborhood

Roof Type Asphalt,Shingle

Accessibility Parking

Porch Covered, Concrete, Patio Open, Porch - Front

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Meter on Property, Public

Level or Stories 2

Schools

School District San Diego Unified School Distric

Others

Tax ID 538-190-09-00

Listed by Portia V Green Compass

Ghio Panissidi And Associates

Broker Associate | License ID: 01308806

+1(619) 261-3002

Ghio Panissidi And Associates

2146 Franklin Ave Southwest San Diego, CA 92113

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2146 Franklin Ave Southwest