2041 Franklin Ave, San Diego, CA 92113

Property Description

Prime opportunity for investors, builders, developers, end-users for a cash flow move-in ready 4 bed 2.5 bath home. Simply wall off one doorway and create two separate homes consisting of a 2/1 front house and 2/2 back house. Live in one and rent the other or rent both for approximately $4k a month creating a 5.3% cap rate. Build additional units on the 4691 sf lot zoned RM-3-7. Property comes with a preliminary drawings to add a garage and ADU which would have views of downtown. See supplement. Located in fast developing Logan Heights, this move-in ready home has tons to offer and unlimited potential. Functional layout with 4 bedrooms and 2.5 baths located on a large lot make this an ideal home for end users. Nice new front deck perfect for morning coffee or evening wine. Spacious kitchen that opens to dinning room. Large updated master bath with beautiful tile and finishes. Tons of storage with a large attic space as well as outside storage. Fresh paint through out, new landscaping, new side deck, and much more. Alley access to the back of the property. Large flat pad located at rear of the property perfect for adding a garage or space for additional parking. Investors, developers, builders, can easily transform this in two separate houses by walling off one door way. Rent out both homes for approximately $4K a month at a 5.3% cap rate. The 4691 sf lot is zoned RM-3-7 so there is an option to build additional units. Property comes with preliminary drawings of a garage and ADU that will have views of downtown.. Neighborhoods: Logan Heights Other Fees: 0 Sewer: Sewer Connected Topography: LL