3863 Franklin Avenue, #67

San Diego, CA 92113

PRICE REDUCED

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-$90,000 (-9.00%)

$910,000

List Price

5

bed Beds

3

shower Baths

2,120 sqft

straighten / sqft

1946

calendar_month Built

Property Description

This Triplex will be listed for sale at a price range between $850,000-$1,000,000 Property Features: This triplex offers a unique investment prospect with three separate addresses: 3863, 3865, and 3867. Each unit is thoughtfully designed for optimal rental potential and features for San Diego: Desirable Location: Centrally located near amenities and with easy freeway access, this property attracts tenants seeking convenience and accessibility. Functional Layouts: Spacious interiors with hardwood flooring and Formica countertops provide durable long term and comfortable living spaces for all tenants. Generous Bedrooms: Enjoy good-sized bedrooms in every unit, ensuring tenant satisfaction and long-term occupancy. Convenient Amenities: A coin Community Laundry, vinyl fence for privacy, and dual pane windows enhance tenant comfort and satisfaction. Outdoor Space: Relax in the backyard with Astroturf, an orange tree, and custom metal railings, creating a private feel. Stable Income: Currently generating a total monthly rent of $4,150, this triplex provides a steady income stream. Future Growth: With pro forma rent projected to reach $6,150 per month, investors have the opportunity to significantly increase cash flow. Diverse Unit Mix: Offering a mix of unit sizes, including two 2-bedroom units, one of those two bedroom units has a small office, and a one 1-bedroom unit, this property appeals to a broad range of renters, investors, and first time home buyers. Parking is convenient with a detached carport, rear parking accessed through the alley, and off-the-street parking for three in the front. Plus, enjoy easy access to the freeway, making commuting a breeze for you or your tenants.

Listing Information

List Price $910,000
Status Active
MLS SW24069173
HOA $0
Type Residential
Subtype Triplex
Year Built 1946
Lot Size 6,625
Structure Size 2,120
DOM 85
Courtesy Of Mr Agent RE
Listing Agent Michael Jordan DRE#02039180

Interior Features

Laundry Information
Location(s) Common Area, Laundry Closet
Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 3
Flooring Information
Material Wood
Fireplace Information
Features None
Additional Information
Additional Features Block Walls, Ceiling Fan(s), Bedroom on Main Level, Main Level Primary
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features None

Maps

Listing information courtesy of: Michael Jordan, Mr Agent RE . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 26th, 2024 at 4:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.