$ 1,500,000 $ 1,549,000 3.2%

6934-38 Mohawk St

San Diego, CA 92115

  • 5 Beds
  • 4 Baths
    Full Baths: 4
  • 1940 Year Built
Unlock the full potential of this ideally located triplex in one of San Diego's most promising growth corridors. Situated on a nearly 8,000 SF lot with alley access, this income-generating property offers immediate cash flow and serious upside. Currently configured as a charming 1940s Spanish-style front home plus two rear units, the property generates $7,530/month in rental income. The front 3BD/2BA home leased at $3,590/month through 9/2025, with two updated 1BD/1BA units leased through 10/2025. Each unit features updated kitchens and baths, modern vinyl flooring, private fenced patios, and in-unit laundry. But the true value lies in what's next. The owner has completed architectural plans and surveys for a 950 SF 4th unit—a 2BD/1BA with an attached 2-car garage and 3 additional carport spaces off the alley. Plans are ready to submit for permits, and new zoning may allow for up to 6 units total. Whether you're looking to build out now or hold for future development, this is a rare opportunity to expand your portfolio in a high-demand rental area just minutes from SDSU, transit lines, and major redevelopment zones. Newer white reflective roofs (2018), updated interiors, and flexible layout also make this a great owner-occupant option—live in the front, build and cash-flow the back. Don't miss this chance to invest in long-term appreciation, passive income, and scalable development potential in a location poised for explosive growth.
Listed by Mike Acker of Hunter & Maddox Intl. Inc. , Sold By Assaf Avissar of Coldwell Banker West

PROPERTY DETAIL

  • Key Details

    Sold Price $1,500,000

    Property Type Multi-Family

    Sub Type Res Income 2-4 Units

    Listing Status Sold

    Purchase Type For Sale

    Subdivision East San Diego

    MLS Listing ID 250023914

    Bedrooms 5

    Full Baths 4

    Year Built 1940

    Property Sub-Type Res Income 2-4 Units

  • Location

    State CA

    County San Diego

    Area Metro Uptown

  • Building

    Story 1

    Water Meter on Property

  • Interior

    Heating Wall/Gravity, Zoned Areas

    Cooling Heat Pump(s), Zoned Area(s)

  • Exterior

    Fence Gate

    Utilities Available Sewer Connected

    View Y/N Yes

    Roof Type Other/Remarks

  • Others

    Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA

    Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA

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CONTACT

Mike Acker

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