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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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2732 38 Fairmount Avenue San Diego, CA 92105
$999,900 6 beds, 3 baths
2, 212 sqft
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Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Text Me
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Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915
Mission Viejo 23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
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Fax: 949-587-0915
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Agent 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+, 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, repositioning for higher-value tenants, or executing a development play, this is a future-proof investment with endless scalability. Act now—because opportunities like this don’t wait.

Listing Details

Trust & Probate
Property type: Triplex (Single Family)
Status: Active
MLS# PTP2503665
List price is $999,900
HOA Fee is $0.00
Beds: 6
Baths: 3 (3 full)
None fireplaces
Built in 1958
2,212 sqft
1 story
0.12 acres
Lot size: 0.1158
County: San Diego
Zoning: R-4: Multiple Residential
Interior features: Bedroom on Main Level,Main Level Primary
Lot description: ZeroToOneUnitAcre,Back Yard,Front Yard,Level,Near Public Transit,Street Level,Walkstreet,Yard
Heating/cooling: None
MLS area: 92105 - East San Diego

Last Updated: 5/23/2025

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This listing belongs to the 92105 - East San Diego MLS area

Lat/Long: 32.734849, -117.101306.
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Listing Agent: Andrew Santiago
Lic#: 01234982
Office Name: Mission Viejo

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com

Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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