2732 38 Fairmount Avenue

San Diego, CA 92105

  • 6 Bed(s)
  • 3 Bath(s)
  • 2,212 Sqft
  • 5045
    Sqft(Lot)
$999,900

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 or executing a development play, this is a future-proof investment with endless scalability. act now—because opportunities like this don’t wait.

  • Property Type

    Residential

  • County

    San Diego

  • Style

    Residential

  • AD ID

    49881547

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Property Details

  • Bedroom Information

    • Total Bedrooms : 6

    Bathroom Information

    • Total Baths: 3
    • Full Baths: 3

    Water/Sewer

    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Bedroom on Main Level,Main Level Primary
    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1958

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1158
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5045

  • Listing Price Information

    • Original List Price: 999,900
    • Listing Contract Date: 2025-05-13

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4764810900

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 92105 - East San Diego
    • Directions: Use GPS
    • Zoning: R-4: Multiple Residential
    • Source Property Type: Residential
    • Area: 92105 - East San Diego
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 67
    • Common Walls: 1 Common Wall
    • Structure Type: Triplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 2212
    • Entry Level: 2
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One,Two
    • Building Total Stories: 1
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BuyOwner last updated this listing 06/29/2025 @ 08:33

  • MLS: PTP2503665
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is recently sold, it has 2,212 sqft, 5,045 sized lot, and 2 parking. are nearby neighborhoods.