Property listed by Compass, Portia Green 619-353-5799
$999,000
Variance Granted Lot/Land. High-growth investment opportunity in Logan Heights, ideal for Investors & Builders. This centrally located 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… Read More 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, I-15, and SR-94 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. Versatile newer construction home with ADU potential for comfortable living or rent-ready income. Built in 1919 and fully remodeled in 2023, this move-in ready 3BR home opens to a spacious light-filled living room with gleaming hardwood floors and a great open layout that allows generous natural light to shine through. The welcoming covered front porch makes a charming entrance that feels warm and inviting. Bright modern floorplan flows into updated eat-in kitchen with sparkling quartz counters, stainless appliances, oversized island, modern cabinetry, pendant lights, and glazed tile backsplash. Tucked beneath the staircase is a deep alcove, perfect for extra storage or creative space. Primary bedroom on main floor with walk-in shower ensuite. Two more bedrooms upstairs with full bath and laundry room. Spacious main level bedroom features large walk-in closet with modular storage & spa-like ensuite with glazed tile shower, sleek matte-black hardware, and backlit LED mirrors. Back entrance off the kitchen provides quick everyday access from the driveway, and includes a handy half bathroom for guests between the kitchen and backyard. Large level outdoor space is ready for grilling, gardening, or relaxing. The big backyard allows for easy entertaining on the patio. Gated 4+ car parking with double gate off alley, plus ample off-street parking. The property comes with pre-approved plans for up to two backyard ADUs, adding flexible options for rental income, multigenerational living, or expanded living space. Recent rebuild work in 2023 upgraded all major systems with new plumbing, electrical, roof, foundation, and structure completely redone. Great location near schools, shops, and parks. 2146 Franklin delivers comfort, function, and opportunity all in one. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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