Keegan Cin | Realtor® | License # DRE 01971604

Property

San Diego, CA 92105 2732 Fairmount Avenue

Pending
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Presented By: Andrew Santiago with Real Broker;
  • MLS# PTP2503665
  • 05/13/2025
  • Request Tour
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  • Beds • 6
  • Baths • 3
  • SQFT • 2,212
  • Garage • 2
  • Year Built • 1958

Home Details

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+, theres 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 nowbecause opportunities like this dont wait. 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+, theres 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 nowbecause opportunities like this dont wait.
Presented By: Andrew Santiago with Real Broker;

Interior Features for 2732 Fairmount Avenue

Bedrooms

Total Bedrooms6

Other Interior Features

EquipmentN/K
FireplaceN/K

General for 2732 Fairmount Avenue

CFD/Mello-Roos Fee0.0
CoolingN/K
Full Baths3
Garage Spaces2
HOA Fee$0.0
Laundry Y/NN/K
MiscellaneousStorm Drains, Suburban
Price Per Sq Ft Total AG452.03
Residential Unit Location1 common wall
Sale/RentFor Sale
SewerPublic Sewer
SiteCurbs, Sidewalks
Stories1 Story
TermsCash, Conventional, Exchange, FHA, VA
TopographyLevel
Units in Complex3
ViewOther/Remarks, Neighborhood
Year Built1958
ZoningR-4: Multi

Exterior for 2732 Fairmount Avenue

Exclusive Use YardYes
Lot Size Area4, 000-7, 499 SF
PoolN/K
Total Parking7

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $999,900
MLS#PTP2503665
List Date 05/13/2025
Property Type Pending
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