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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

5 Beds

4.5 Baths

3,422 Sqft Lot

Open House

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

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

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 250042199

Bedrooms 5

Full Baths 4

Half Baths 1

Year Built 2023

Lot Size 3,422 Sqft

Property Sub-Type Res Income 2-4 Units

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

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Exterior

Fence Full, Gate

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

View City

Roof Type Composition

Building

Story 2

Water Meter on Property

Level or Stories 2

Schools

School District San Diego Unified School Distric

Others

Tax ID 538-190-09-00

Virtual Tour https://vimeo.com/1128570894?fl=pl&fe=vl

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