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2041 Franklin Ave San Diego, CA 92113
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Key Details
Sold Price $575,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,384 sqft
Price per Sqft $415
Subdivision Logan Heights
MLS Listing ID 190053329
Sold Date 11/15/19
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1906
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
Location
State CA
County San Diego
Area 92113 - Logan Heights
Interior
Interior Features Attic, Bedroom on Main Level, Main Level Master, Utility Room
Heating Forced Air, See Remarks
Cooling None
Fireplace No
Laundry Laundry Room, See Remarks
Exterior
Garage Gated, Other
Fence Partial
Pool None
Utilities Available Sewer Connected
Roof Type Composition
Total Parking Spaces 4
Private Pool No
Building
Story 1
Entry Level One
Architectural Style Traditional
Level or Stories One
Others
Tax ID 5381602400
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Financing FHA
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Bought with Aaron Castagna • HomeSmart Realty West
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