Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaSOLD! MLS: PTP2503665 $1,025,000
6 Bedrooms with 3 Baths2732 FAIRMOUNT AVENUE
SAN DIEGO CA 92105MLS: PTP2503665
Status: SOLD
Closed On: 2025-06-27
Sold Price: $1,025,000
Sold Price per SqFt: $463
Square Footage: 22126 Bedrooms
3 Baths
Year Built: 1958
Zip Code: 92105
Listing Remarks
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.
Address: 2732 FAIRMOUNT AVENUE SAN DIEGO CA 92105
Listing Agent: ANDREW SANTIAGO of REAL BROKER 619-758-5707
Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
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Listing Details
STATUS: Closed SPECIAL LISTING CONDITIONS: REO LISTING CONTRACT DATE: 2025-05-13 CLOSE DATE: 2025-06-27 BEDROOMS: 6 BATHROOMS FULL: 3 BATHROOMS HALF: 0 LIVING AREA SQ FT: 2212 BUILDING AREA TOTAL: 2212 YEAR BUILT: 1958 APPLIANCES INCLUDED: N/K FIREPLACE: N/K COOLING: N/K # GARAGE SPACES: 2 PROPERTY TYPE: Residential PROPERTY SUB TYPE: All Other Attached POOL FEATURES: N/K STORIES TOTAL: 2 VIEW: Other/Remarks, Neighborhood LISTING AGENT: ANDREW SANTIAGO LISTING OFFICE: REAL BROKER LISTING CONTACT: 619-758-5707
Property Location: 2732 FAIRMOUNT AVENUE SAN DIEGO CA 92105
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Last Updated: 2025-07-05