About 2732 Fairmount Avenue
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.
Features of 2732 Fairmount Avenue
| MLS® # | PTP2503665 |
|---|---|
| Price | $999,900 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,212 |
| Acres | 0.12 |
| Year Built | 1958 |
| Type | Residential |
| Sub-Type | All Other Attached |
| Status | Closed |
Community Information
| Address | 2732 Fairmount Avenue |
|---|---|
| Area | EAST SAN DIEGO (92105) |
| County | San Diego |
| State | CA |
| Zip Code | 92105 |
Amenities
| Parking Spaces | 7 |
|---|---|
| # of Garages | 2 |
| View | Other/Remarks,Neighborhood |
| Is Waterfront | No |
| Has Pool | No |
| Pool | N/K |
Interior
| Appliances | N/K |
|---|---|
| Cooling | N/K |
| Fireplace | No |
| Fireplaces | N/K |
| # of Stories | 2 |
| Stories | 1 Story |
Exterior
| Lot Description | Curbs,Sidewalks |
|---|
School Information
| District | San Diego Unified School Distric |
|---|
Additional Information
| Date Listed | May 13th, 2025 |
|---|---|
| Days on Market | 16 |
| Zoning | R-4: Multi |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | Yes |
Listing Details
| Office | Real Broker |
|---|
