$1,100,000

2146 Franklin Ave Southwest 12, San Diego, CA 92113

Land
Built in ——
3,485sqft lot
—— car garage
$——/sqft
Listed 18 days ago

Property Description

Variance Granted Lot/Land, 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.

Listing Status:: Active
Listing Office:: Compass : 619-353-5799
Listing Agent:: Portia V Green : 858-880-0195
MLS ID:: 250043012

Pool: N/K

Originating MLS: SDMLS
School District: San Diego Unified School Distric
County: San Diego

Zoning: R-4:Multip538-190-09-00
View: CityEvening Lights
Fencing: FullGate
Current Use: Residential

Utilities: Sewer AvailableSewer Connected
Water: AvailableMeter on Property

Source: SDMLS

This listing courtesy of Portia V Green, Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Logan Memorial Educational Campus

2875 Ocean View Blvd, San Diego, CA, 92113

Grades KG-12

0.28 miles away

Logan Memorial Educational Campus

2875 Ocean View Blvd, San Diego, CA, 92113

Grades KG-12

0.28 miles away

Logan Memorial Educational Campus

2875 Ocean View Blvd, San Diego, CA, 92113

Grades KG-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.