3
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$1,100,000
Est. payment /mo
3,423 Sqft Lot
New
Address not disclosed San Diego, CA 92113
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 250042199SD
HOA Y/N No
Year Built 2023
Lot Size 3,423 Sqft
Property Description
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. This strategic location grants immediate access to major economic hubs, allowing you to capture high-demand urban housing in a prime, high-growth corridor. Supported by nearby transit and central freeway reach to sustain durable occupancy near I-5, SR-94, and I-15 for rapid mobility to Downtown San Diego, Petco Park, Balboa Park, Naval Base San Diego, and Naval Air Station (NAS) North Island via Coronado Bridge, with amenity-rich arts & waterfront districts proximate. This flexible urban infill site provides potential tax incentives for savvy investors and drives maximum appreciation for your portfolio. Buyer to verify all provided information and intended use independently.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Building/Complex Name 2146 Franklin
Zoning R-4:Multip
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Electric Water Heater
Exterior
Pool None
View Y/N Yes
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5381900900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Portia Green Compass
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