
San Diego, California 92113
This Versatile Single-Family Residence is a Strong Value Opportunity, listed at $840,000—positioned slightly above the $835,406 Fair Market Value. While priced at market, the property offers significant upside through its permitted garage conversion and Sustainable Development Area zoning. With a Condition Rating of 3, the home features recent high-ticket upgrades including a 2024 roof and 2026 water heater. This property provides a unique "house hack" potential for Buy-and-Hold Investors or first-time buyers seeking long-term equity growth through ADU development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2855 Franklin Ave Subject | $840,000* List Price | 4 | 2 | 1,682 | $497 | - |
A 2925 Franklin Ave Sold | $800,000 | 6 | 4 | 2,032 | $394 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1972, the home is well-maintained with major renovations falling within the 5-15 year window, including kitchen and bath updates (2012) and HVAC (2016). Recent critical system updates like the roof (2024) and water heater (2026), combined with new carpet and paint, make the property move-in ready.
The property features a permitted garage conversion with soaring ceilings and a separate entrance, combined with its location in a Sustainable Development Area and Opportunity Zone, offering massive potential for rental income or multi-generational living.
Major high-ticket maintenance items have been recently addressed, including a new roof (2024), HVAC and dual-pane windows (2016), and fresh interior paint and carpet, providing peace of mind for the next owner.
The 6,932 sq ft lot is exceptionally spacious for the area and features rare alley access with an additional driveway, offering flexibility for vehicle storage, ADU construction, or outdoor entertaining.
The majority of the assigned local schools have lower performance ratings (3 out of 10), which may be a drawback for families specifically seeking high-ranking educational districts.
While the home is well-maintained, the primary kitchen and bathroom renovations were completed around 2012, meaning some aesthetic elements may feel dated to buyers looking for a contemporary, turn-key aesthetic.
First time on the market since it was built, this well-maintained 4 bedroom plus permitted bonus room, 2 bath home sits on a large 6,932 sq ft lot and offers flexibility for first-time buyers, move-up buyers, multi-generational living, or smart long-term investment. The open and inviting living area is filled with natural light, creating a bright and comfortable feel from the moment you walk in. The home has been thoughtfully updated with new paint, carpet, light fixtures, and dual pane windows. Many major components have already been handled, including a new water heater in 2026, roof in 2024, HVAC and windows in 2016, and kitchen and bath updates around 2012. One of the biggest highlights is the permitted garage conversion with soaring ceilings and its own separate entrance. This space opens up so many possibilities, including an ADU-style setup, extra living area, game room, office, guest room, bedroom, or combination flex space that evolves with your needs. Outside, enjoy a welcoming front lawn, large driveway, covered patio, spacious backyard, two sheds, and alley access with an additional driveway. Located in a Sustainable Development Area and Opportunity Zone, the property may offer future ADU and investment upside. Close to Barrio Logan’s restaurants, breweries, and galleries while still offering easy access to Downtown, Petco Park, major freeways, transit, and the San Diego waterfront.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,682 | 1,115 | 81% |
| Lot Size | 6,932 | 5,176 | 78% |
| Price | $840.0K | $718.0K | 92% |
| Price per sq ft | $499 | $600 | 32% |
| Built year | 1972 | 1960 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 132 | 8% |
May 28, 2026
$840,000
Initial Listing