About 2146 Franklin Ave
Variance Granted Lot/Land, High-growth investment opportunity in Logan Heights, ideal for Investors & Builders. This centrally located dual-frontage property with alley access and gated parking on a level 3,422SF lot zoned RM-2-5 offers pre-approved plans for the construction of a detached ADU duplex, providing accelerated rental income potential. Currently, there is a completely remodeled turnkey 3BR/2.5BA detached 1,440SF home on the premises, with an estimated market rental value of $4,995 per month. The main house was fully rebuilt from the foundation up in 2023, retaining the original 1919 footprint. Eligible for Short-Term Residential Occupancy (STRO) licensing and Transient Occupancy Tax (TOT) registration, Buyer to confirm. The pre-approved plans, designed by SnapADU, include one detached duplex with two 1/1 units measuring ~400SF each to maximize density at three (3) rentable units on the premises. With these additions, the projected total rent after construction is up to $9,995 per month, adding two new income streams and supporting strong multi-unit cash flow. To bring this vision to life, leverage key bonus programs in place at this site by tapping into the Transit Area Overlay (TAO) and Transit Priority Area (TPA), Opportunity Zone and Promise Zone, Airport Influence Area (AIA), and Complete Communities Plan (Tier 3) unlocking ADU bonuses, transit-oriented development (TOD) density, parking relief, and fast track approvals. Versatile newer construction home with ADU-potential for comfortable living or rent-ready income. This move-in ready detached house was completely rebuilt from the foundation up in 2023, retaining the original 1919 footprint with generous natural light. Upgraded quartz kitchen features an oversized island with seating, built-in storage, pendant lights & stainless steel appliances. Modern baths include primary on main floor with a large walk-in shower, designer tile, and LED mirrors, plus sleek matte-black fixtures. Covered front porch leads to a large, fully fenced backyard with double gate off alley. Gated 4+ car parking plus ample off-street parking. Centrally located with easy access to Downtown, schools, shops & freeways. This strategic location in Logan Heights grants immediate access to major hubs, supported by nearby MTS transit plus central freeways I-5, SR-94, and I-15 for rapid mobility to Downtown San Diego, Petco Park, Balboa Park, Naval Base San Diego, and Naval Air Station (NAS) North Island via Coronado Bridge, with amenity-rich arts & waterfront districts proximate. This versatile property also provides potential tax incentives for savvy investors with ADU potential. 2146 Franklin delivers comfort, function, and opportunity all in one.
