REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

Mike Althof

mike.althof@gmail.com +1(619) 417-5766

$ 1,549,000

Est. payment -/mo

Save Virtual Tour Video Tour

Price Dropped by $46K

6934-38 Mohawk St San Diego, CA 92115

5 Beds

4 Baths

2,006 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,006 sqft

Price per Sqft $772

Subdivision East San Diego

MLS Listing ID 250023914

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1940

Lot Size 7,792 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.
Unit Living Space divided approximately as follows per appraisal 2023 Main Home 6934 - 1002sf Middle (Smaller) Casita - 454sf Rear Casita (On Alley) - 550sf

Location

State CA

County San Diego

Community East San Diego

Area San Diego (92115)

Building/Complex Name NA

Interior

Heating Electric, Natural Gas

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

Fireplaces Number 1

Appliance Zoned Areas, Wall/Gravity

Exterior

Exterior Feature Stucco

Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K

Fence Gate

Roof Type Other/Remarks

Building

Lot Description Alley Access, Public Street, Sidewalks, Street Paved

Story 1

Lot Size Range 7500-10889 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 1 Story

Others

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

Space Rent $3,590

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

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/snd/250023914

Listed by Mike Acker • Hunter & Maddox Intl. Inc.

Mike Althof

Broker Associate, Althof & Associates Team Lead | License ID: 01245962

+1(619) 417-5766

GET MORE INFORMATION

QUICK SEARCH

Mike Althof

6934-38 Mohawk St San Diego, CA 92115

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

6934-38 Mohawk St