2732 38 Fairmount Avenue, San Diego
San Diego Home Sale
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 or executing a development play, this is a future-proof investment with endless scalability. Act now—because opportunities like this don’t wait.
Property Details
Additional Information
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- City:
- San Diego
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- County:
- San Diego
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- Zip:
- 92105
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- MLS® #:
- PTP2503665
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- Bedrooms:
- 6
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- Bathrooms:
- 3
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- Square Ft:
- 2,212
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- Lot Size:
- 0.12
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- Levels:
- One, Two
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- Garages:
- 2
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- School District:
- San Diego Unified
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- HOA Dues:
- $
Price Change History for 2732 38 Fairmount Avenue, San Diego, (MLS® #PTP2503665)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending | – | – | |
| Active (from Coming Soon) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of March 7th, 2026 at 7:51pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.