273238 Fairmount Ave San Diego, CA 92105
Property details
About 273238 Fairmount Ave
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.
Highlights
Virtual tour
Summary
- Full Bathrooms: 3
- Interior: Bedroom on Main Level, Main Level Primary
- Fireplace: None
- Total Bedroom Count: 6
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- View: Neighborhood
- Cooling: None
- List Price: $999,900
- Price/SqFt: $452
- HOA Amount: $0
- Lot: Back Yard, Front Yard, Level, Near Public Transit
- Directions: Use GPS
- Year Built: 1958
- Stories: 2
- Living Area: 2,212 SqFt
- Lot Size: 0.1158 Acres
- MLS Number: PTP2503665
- MLS Name: CRMLS
- Office Name: Real Broker
- Office Phone: (619) 758-5707
- Listing Agent: Andrew Santiago
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 7:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$999,900
273238 Fairmount Ave
$10,000
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Price information
Property sales
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Tax history
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Nearby schools
5
Foster Elementary School
Public District KG-5
1.0 mi
•6550 51st St
6
Hancock Elementary School
Public District KG-5
1.3 mi
•3303 Taussig St
4
Juarez Elementary School
Public District KG-5
1.4 mi
•2633 Melbourne Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $76,515. The majority of San Diego, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Symphony or Opera
Where do the neighbors shop?
H&M
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Volvo
What do the neighbors listen to?
Alternative
Urban Contemporary
Talk/Personality
This home is located at 273238 Fairmount Ave in San Diego, CA and zip code 92120 in the Eastern San Diego neighborhood. This 2,212 square foot home, which was built in 1958, sits on a 0.12 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $999,900.
While more than 101 listings in San Diego, CA in April 2025 were sold above asking price, there were more than 43 listings sold at asking price, and more than 84 were sold below. The number of homes for sale in San Diego, CA increased by 8.2% between March and April 2025. Listings spent 22 days on the market in April 2025, and had a median list price of $899,204 during the same period.