2732 38 Fairmount Avenue, San Diego, CA 92105 - Photo 1

1/1

$1,025,000

Sold
Closed
Triplex
6 Beds
3 Full Baths
2,212 Sq. Ft.
2 Car Garage

1/1

Property Description

Savvy investors recognize that below-market rents mean instant equity growth, and this triplex zoned R-4 delivers exactly that. Featuring three 2BR/1BA units, including a standalone front home (approx. 761 sq ft) and stacked units with alley access (approx. 720 sq ft each), this property is fully occupied on month-to-month leases, allowing immediate rent adjustments to market rates. With pro forma rents estimated at $6,500+, there's clear room to optimize cash flow and drive superior returns. Beyond the current income, the value-add potential here is undeniable. A third structure, currently a two-car garage, opens the door to additional revenue streams. Whether repurposed into an ADU, converted into a fourth rental unit, or leveraged for further development under R-4 zoning, the ability to maximize density ensures this asset evolves alongside investor strategy. Positioned for long-term growth, this property offers a rare blend of cash flow, appreciation upside, and expansion flexibility. Whether securing steady rental income or executing a development play, this is a future-proof investment with endless scalability. Act now-because opportunities like this don't wait.

Full Property Details

Full Property Details for 2732 38 Fairmount Ave

General

Sold For: $1,025,000
Status: Closed
Type: Triplex
Source: MRMLS
MLS ID: PTP2503665
Added to Site: 283 day(s) ago

Interior

Rooms/Areas: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
Fireplace(s): None

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 6

Other Rooms

Laundry: None

Additional Information

Pool Description: None

Parking

Garage: Yes
Garage Spaces: 2

Location

County: San Diego
Driving Directions: Use GPS

School Information

School District: San Diego Unified

Community

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Heating & Cooling

Cooling Type: None

Utilities

Sewer: Public Sewer

Structural Information

Structure Type: Triplex
Common Walls: 1 Common Wall
Entry Location: 1
Stories/Levels: One,Two
Stories Description: One, Two
Square Feet: 2,212
Sq. Ft. Source: Assessor
Year Built: 1958
Year Built Source: Assessor

Lot Features

Property View: Neighborhood, See Remarks
Lot Size (Acres): 0.1158
Lot Size Source: Assessor
Zoning: R-4: Multiple Residential
Lot Description: 0-1 Unit/Acre, Back Yard, Front Yard, Level with Street, Level, Near Public Transit, Walking Street, Yard

Financial Considerations

Price Per Sq. Ft.: $463.38

Disclosures and Reports

Special Conditions: Real Estate Owned, Trust
Bank-owned: Yes

Listed by Real Broker, Andrew Santiago
Sold by Real Broker, Carlos Henriquez

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Listing agent

— 2732 38 Fairmount Ave —

Andrew Santiago

Real Broker

619-758-5707

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Schools

Schools serving 2732 38 Fairmount Ave

School District:San Diego City Unified School District

Name	Grades	Distance
Rosa Parks Elementary School, San Diego, CA 4510 Landis Street, San Diego, CA 92105	K-5	0.3 mi
Clark Middle School 4388 Thorn Street, San Diego, CA 92105	6-8	0.5 mi
Hoover High School 4474 El Cajon Boulevard, San Diego, CA 92115	9-12	0.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2732 38 Fairmount Ave

Date

Details

Price

Change

Source

6/27/2025

Sold

$1,025,000

2.51%

MLS

5/23/2025

Listed

$999,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2732 38 Fairmount Avenue, San Diego, CA 92105 (MLS# PTP2503665) is a Triplex property that was sold at $1,025,000 on June 27, 2025. Want to learn more about 2732 38 Fairmount Avenue? Do you have questions about finding other Triplex real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.

2732 38 Fairmount Ave San Diego, CA 92105