- – beds
- – baths
- – sqft
- 5,118 sqft lot
- 1926 build
- – on site
Turnkey and income-producing, this fully renovated and furnished triplex in Logan Heights offers an exceptional investment opportunity with projected short-term rental income of up to $12,000 per month. Ideal for investors, house hackers, or multigenerational living, the property includes three updated and private residences on one lot—each designed for immediate rental use. 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 (2948 Franklin Unit B) 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 Unit A) 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 owned 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.
Last checked:
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Last updated Jun 30, 2025
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MLS# 250027195SD —
The Building
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Year Built:1926
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Total Number Of Units:3
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# of Buildings:2
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Stories Total:1
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Number With Patio:3
Interior
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Levels:One
Location
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Directions:CrossStreet: Franklin Ave & 30th St
The Property
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Property Type:Residential Income
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Zoning:R-4:MULTIP
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Lot Size Area:5118.0000
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Lot Size Acres:0.1175
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Lot Size SqFt:5118.00
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Lot Size Source:Assessor
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View:1
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View:None
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:5455012000
Heating & Cooling
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Heating:1
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Heating:Electric, See Remarks, Forced Air
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Cooling:No
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Cooling:None
The Community
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Subdivision:Logan Heights
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Subdivision:Logan Heights
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Neighborhood:Logan Heights
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Park Name:Franklin Ave
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Pool:None
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Senior Community:No
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Spa:1
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Private Pool:No
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Spa Features:None
Extra Units
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Number With Dishwasher:1
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Number With Refrigerator:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/10/25
Jun 10, 2025
|
Price Changed | CRMLS_CA | $1,150,000 | -4.2% |
5/12/25
May 12, 2025
|
Listed / Active | CRMLS_CA | $1,200,000 | 80.5% (22.5% / YR) |
10/14/21
Oct 14, 2021
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CRMLS_CA | $665,000 | -2.1% |