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Sold$1,025,000on Jun 27, 2025
2732 Fairmount Avenue, San Diego, CA 92105
Real Broker
6Beds
3Baths
2,212Sq Ft
7Parking
1958Built
16Days Listed
About This Property
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+, theres 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 or executing a development play, this is a future-proof investment with endless scalability. Act nowbecause opportunities like this dont wait.
Andrew SantiagoReal Broker619-758-5707
Virtual Tour
Property Location
Map
Property Details
- Property Type
- Attached
- Bedrooms
- 6
- Bathrooms
- 3
- Building Area
- 2,212 Sqft
- Living Area
- 2,212 sqft
- Year Built
- 1958
- Stories
- 2.0
- Status
- Sold
- Days on Market
- 16
- Cumulative Days on Market
- 7
- Original Price
- $999,900
Location & Neighborhood
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San Diego Market Snapshot
2,704
Active Listings
$849K
Median Price
33
Avg Days on Market
Last updated: Jul 1, 2025
More Sold Properties in San Diego
View allBased on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$999,900