CA > San Diego
San Diego, CA 92105,2732 38 Fairmount AVE
San Diego, CA 92105,2732 38 Fairmount AVE
San Diego, CA 92105,2732 38 Fairmount AVE
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$999,900
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6 Beds
3 Baths
2,212 SqFt
New

2732 38 Fairmount AVE San Diego, CA 92105

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Michelle Pritchard

Michelle Pritchard

+1(619) 723-1152

UPDATED:

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

California Regional MLS (CRMLS)
Listed by Andrew Santiago • Real Broker • 619-758-5707

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agent

Michelle Pritchard

Agent | License ID: 01491286

+1(619) 723-1152

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2732 38 Fairmount AVE