Property Details
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+, 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, repositioning for higher-value tenants, or executing a development play, this is a future-proof investment with endless scalability. Act now—because opportunities like this don’t wait.
MLS Listing Information
MLS #
CRPTP2503665
MLS Source
California Regional MLS
Days on Site
12
Interior Features
Bedrooms
Ground Floor Bedroom
Family Room
Other
Fireplace
None
Laundry
None
Cooling
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Elementary District
San Diego Unified
High School District
San Diego Unified
HOA Fee
$0
Zoning
R-4: Multiple Residential
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
2732 38 Fairmount Ave is a Triplex in San Diego, CA 92105. This 2,212 square foot property sits on a 5,045 Sq Ft Lot and features 6 bedrooms & 3 full bathrooms. It is currently priced at $999,900 and was built in 1958. This address can also be written as 2732 38 Fairmount Ave, San Diego, CA 92105.
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This listing information is up-to-date as of May 23, 2025. For the most current information, please contact Andrew Santiago, (619) 758-5707
