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$1,150,000
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Property Description
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.
Full Property Details
Full Property Details for 2948-52 Franklin Ave
General
- Sold For: $1,150,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 250044073
- Added to Site: 109 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Shared Amenities: Gated Community, Pet Restrictions
- Pool: Yes
- Security/Safety: Gated Community
Location
- Area: LOGAN HEIGHTS (92113)
- County: San Diego
- Subdivision: LOGAN HEIGHTS
- Neighborhood: Logan Heights
- Complex: Franklin Ave
Community
- Gated community: Yes
- Assoc. Fees Include: N/K
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Wall/Window Air Conditioning
- Heating Type: Forced Air Unit
- Heating Fuel: Electric, Other (See Remarks)
Utilities
- Water: Meter on Property
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Adobe
- Roof: Other (See Remarks)
- Stories/Levels: 1
- Square Feet: 2,060
- Year Built: 1926
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,118
- Lot Size: .12
- Zoning: R-4:MULTIP
- Fencing (Description): Full, Gate, Other (See Remarks)
Financial Considerations
- Operating Expenses: $12,500
- Terms: Cash, Conventional, Exchange, VA
- Tenant Pays: Electricity, Other/Remarks
Disclosures and Reports
- Special Conditions: N/K, Other/Remarks
- Property ID: 545-501-20-00
Listed by Compass (619) 353-5799, Seth Struiksma
Sold by Real Broker (714) 448-4699, Dalton Weldon
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Price & Sales History for 2948-52 Franklin Ave
Date
Details
Price
Change
Source
2/17/2026
Sold
$1,150,000
—
MLS
11/14/2025
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2948-52 Franklin Ave, San Diego, CA 92113 (MLS# 250044073) is a Multi-Family property that was sold at $1,150,000 on February 17, 2026. Want to learn more about 2948-52 Franklin Ave? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

