2948 Franklin Ave

$1,150,000
Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Need an investment before the end of 2025? This turnkey Logan Heights triplex is fully renovated, income-producing, and STR-ready2 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...Need an investment before the end of 2025? This turnkey Logan Heights triplex is fully renovated, income-producing, and STR-ready2 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 yardperfect for entertaining or pet-friendly stays. Located in a walkable, rapidly appreciating neighborhood, youre just minutes from Balboa Park, the San Diego Zoo, Downtown, Little Italy, beaches, and major freeways. Whether youre 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.

Listing Agent

  1. Seth Struiksma

    Seth Struiksma

    Listing Agent

    Compass

    DRE #01868552

Property Details for 2948 Franklin Avenue

Zoning
R-4:MULTIP
Cross Streets
Franklin Ave & 30th St
Source Living Area
Assessor
Area
Logan Heights (LOH)
Lot Size Area
5118
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
LISTING UPDATED: 12/02/2025 11:06 PM

Property Details for 2948 Franklin Avenue

StatusPending
MLS #250044073SD
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.12 AC / 5,118 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Seth Struiksma, DRE #01868552
Add your commute

Building Information for 2948 Franklin Avenue

Stories1Residences-Year Built1926Building Size-Lot Size0.12 AC / 5,118 SF

Payment Calculator

$5,683 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,683

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2948 Franklin Avenue

Community / Development
Community / Development
  • Complex Name: Franklin Ave
  • Number Of Units: 3
  • Pets Allowed: Yes
  • Amenities: Assoc Pet Rules, Gated Community
  • Association Fees Include: N/K
  • Builders Tract Name: Logan Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • View Description: None
  • Security Features: Gated
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Other
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $87,900.00
  • Gross Scheduled Income: $98,400
  • Cap Rate: 7.10%
  • Gross Rent Multiplier: $12.20
  • Other Income1: $.00
  • Total Annual Expense: 12500
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.12
  • Lot Description: Street Paved
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window
  • Cooling Type: Wall/Window
  • Heating: Electric, Forced Air, Other
  • Heating Type: Electric, Forced Air, Other
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Other
  • Fence: Full, Gate, Other
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange, VA
  • Tenant Pays: Electricity, Other
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 2948 Franklin Avenue

DateEvent & SourcePriceAppreciation
Nov 29, 2025

Pending

CLAW #250044073SD

Nov 14, 2025

Withdrawn

CLAW #250040051SD

Nov 14, 2025

Listed (Active)

CLAW #250044073SD

$1,150,000
Oct 9, 2025

Pending

CLAW #250040051SD

Sep 26, 2025

Withdrawn

CLAW #250035718SD

Sep 26, 2025

Listed (Active)

CLAW #250040051SD

$1,150,000
Sep 6, 2025

Pending

CLAW #250035718SD

Aug 7, 2025

Listed (Active)

CLAW #250035718SD

$1,150,000
Jul 8, 2025

Withdrawn

CLAW #250027195SD

Jun 10, 2025

Price Change

CLAW #250027195SD

$1,150,000
May 12, 2025

Listed (Active)

CLAW #250027195SD

$1,200,000
Oct 31, 2021

Withdrawn

CLAW #210023955SD

Oct 13, 2021

Sold

CLAW #210021057SD

$665,000
Sep 9, 2021

Pending

CLAW #210021057SD

Sep 9, 2021

Pending

CLAW #210023955SD

Aug 27, 2021

Listed (Active)

CLAW #210021057SD

Aug 20, 2021

In Contract

CLAW #210021057SD

Aug 5, 2021

Pending

CLAW #210021057SD

Jul 18, 2021

Listed (Active)

CLAW #210021057SD

$679,000
Jul 16, 2021

Listed (Active)

CLAW #210023955SD

$679,000
DateEvent & SourcePrice
11/29/2025

Pending

CLAW #250044073SD

11/14/2025

Withdrawn

CLAW #250040051SD

11/14/2025

Listed (Active)

CLAW #250044073SD

$1,150,000
10/09/2025

Pending

CLAW #250040051SD

09/26/2025

Withdrawn

CLAW #250035718SD

09/26/2025

Listed (Active)

CLAW #250040051SD

$1,150,000
09/06/2025

Pending

CLAW #250035718SD

08/07/2025

Listed (Active)

CLAW #250035718SD

$1,150,000
07/08/2025

Withdrawn

CLAW #250027195SD

06/10/2025

Price Change

CLAW #250027195SD

$1,150,000
05/12/2025

Listed (Active)

CLAW #250027195SD

$1,200,000
10/31/2021

Withdrawn

CLAW #210023955SD

10/13/2021

Sold

CLAW #210021057SD

$665,000
09/09/2021

Pending

CLAW #210021057SD

09/09/2021

Pending

CLAW #210023955SD

08/27/2021

Listed (Active)

CLAW #210021057SD

08/20/2021

In Contract

CLAW #210021057SD

08/05/2021

Pending

CLAW #210021057SD

07/18/2021

Listed (Active)

CLAW #210021057SD

$679,000
07/16/2021

Listed (Active)

CLAW #210023955SD

$679,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2948 Franklin Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Charter - K to 8
Charter - K to 3
Charter - 4 to 5
Rating
School
Distance
Logan Memorial Educational Campus
PublicK to 12

King-Chavez Academy Of Excellence
CharterK to 8

King-Chavez Community Academy
CharterK to 3

King-Chavez Arts and Athletics Academy
Charter4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Seth Struiksma, DRE #01868552

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