2146 Franklin Ave Southwest #12 new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92113
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 250043012
Lot Size 3,422 Sqft
Property Sub-Type Lots/Land
Property Description
Variance Granted Lot/Land, 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.
Location
State CA
County San Diego
Area Metro Central
Zoning R-4:Multip
Exterior
Fence Full,Gate
Utilities Available Sewer Available,Sewer Connected
View Y/N Yes
View City,Evening Lights
Building
Water Available,Meter on Property
Schools
School District San Diego Unified School Distric
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional