Homes for sale - 6934 38 Mohawk St, San Diego, CA 92115

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Nick Peters

nick@peters-team.com +1(310) 308-2609

$ 1,549,000

Est. payment | -/mo

7,792 Sqft Lot

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$ 1,549,000

Est. payment | -/mo

Save Video Tour

7,792 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision East San Diego

MLS Listing ID 250023914SD

HOA Y/N No

Year Built 1940

Lot Size 7,792 Sqft

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

Area 92115 - San Diego

Building/Complex Name NA

Interior

Heating Electric, Natural Gas, Zoned

Cooling Heat Pump, Zoned

Fireplace No

Appliance Gas Water Heater

Exterior

Pool None

View Y/N Yes

View None

Private Pool No

Building

Lot Description Drip Irrigation/Bubblers, Sprinkler System

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4681612300

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA

Listing Terms Cash, Conventional, Cal Vet Loan, FHA

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 308-2609

nick@peters-team.com

730 Esplanade, Redondo Beach, CA, 90277, USA

6934 38 Mohawk St San Diego, CA 92115