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2010 Franklin Ave 4 Unit Apartment Building Offered at $1,300,000 at a 2.91% Cap Rate San Diego, CA 92113
Investment Highlights
- ADD Value Opportunity. Rehab the existing units or redevelop the 3 contiguous parcels
- Improving Logan Heights Neighborhood
- Corner Lots
Executive Summary
Available are 3 Contiguous Parcels located at 2010-2026 Franklin & 2617 Commercial. 2 of the 3 parcels each have Two Stand Alone Homes that are 2BR/1Bath totaling 4 units. the 3rd parcel is vacant land that is leased out to a commercial tenant using it for storage month to month. Several nearby developments are taking place including directly accross the street proving the value in the land. This could be an Add Value opportunity to upgrade the existing structures or redevelop all of the parcels into a larger Multi Family Community.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$64,920
|
$27.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$64,920
|
$27.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,078
|
$11.63
|
| Net Operating Income |
$37,842
|
$16.26
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $64,920 |
| Annual Per SF | $27.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $64,920 |
| Annual Per SF | $27.89 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $27,078 |
| Annual Per SF | $11.63 |
| Net Operating Income | |
|---|---|
| Annual | $37,842 |
| Annual Per SF | $16.26 |
Property Facts
| Price | $1,300,000 | Property Type | Multifamily |
| Price Per Unit | $325,000 | Building Size | 2,328 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 2.91% | Year Built | 1930 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Price | $1,300,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 2.91% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,328 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,325 | 560 - 625 |
1 1
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Walker's Paradise (90)
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2010 Franklin Ave
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