2732 38 Fairmount Avenue, San Diego, CA 92105
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 or executing a development play, this is a future-proof investment with endless scalability. Act now—because opportunities like this don’t wait.
Bedrooms
6
Bathrooms
3
Square Feet
2,212
Lot Size
5,045 sqft
Year Built
1958
Property Type
Triplex
Days on Market
6
HOA Fee
N/A
Garage Total
2
MLS #
PTP2503665
Interior Features
Bedroom On Main Level, Main Level Primary
Main Level Master
Yes
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Based on price, location, and features
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