2732 38 Fairmount AVE new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92105
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,212 sqft
Price per Sqft $452
MLS Listing ID PTP2503665
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1958
Lot Size 5,044 Sqft
Property Sub-Type Triplex
Property Description
Savvy investors recognize that below-market rents mean instant equity growth, and this triplex zoned R-4 delivers exactly that. Featuring three 2BR/1BA units, including a standalone front home (approx. 761 sq ft) and stacked units with alley access (approx. 720 sq ft each), this property is fully occupied on month-to-month leases, allowing immediate rent adjustments to market rates. With pro forma rents estimated at $6,500+, there's clear room to optimize cash flow and drive superior returns. Beyond the current income, the value-add potential here is undeniable. A third structure, currently a two-car garage, opens the door to additional revenue streams. Whether repurposed into an ADU, converted into a fourth rental unit, or leveraged for further development under R-4 zoning, the ability to maximize density ensures this asset evolves alongside investor strategy. Positioned for long-term growth, this property offers a rare blend of cash flow, appreciation upside, and expansion flexibility. Whether securing steady rental income, repositioning for higher-value tenants, or executing a development play, this is a future-proof investment with endless scalability. Act now—because opportunities like this don't wait.
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning R-4: Multiple Residential
Rooms
Main Level Bedrooms 3
Interior
Interior Features Bedroom on Main Level,Main Level Primary
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs,Storm Drain(s),Street Lights,Suburban,Sidewalks
View Y/N Yes
View Neighborhood
Attached Garage No
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre,Back Yard,Front Yard,Level,Near Public Transit,Street Level,Walkstreet,Yard
Story 2
Entry Level One,Two
Sewer Public Sewer
Level or Stories One,Two
Schools
School District San Diego Unified
Others
Senior Community No
Tax ID 4764810900
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Real Estate Owned,Trust