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.
Sold for $1,500,000 on 06/26/25
$1,500,000
6934-38 Mohawk St, San Diego, CA 92115
5beds
4baths
--sqft
Multi Family
Built in 1940
-- sqft lot
$1,494,100 Zestimate®
$--/sqft
$4,960 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 28, 2025 at 09:33am
Listed by:
Mike Acker DRE #01356721 619-454-0620,
Hunter & Maddox Intl. Inc.
Bought with:
Assaf Avissar, DRE #01404616
Coldwell Banker West
Source: SDMLS,MLS#: 250023914
Originating MLS: San Diego Association of REALTOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Wall/Gravity, Zoned Areas
Cooling
- Heat Pump(s), Zoned Area(s)
Interior area
- Total structure area: 2,006
Property
Features
- Levels: 1 Story
- Pool features: N/K
- Spa features: N/K
- Fencing: Gate
- Has view: Yes
- View description: N/K
- Frontage type: N/K,Other/Remarks
Lot
- Size: 7,840 sqft
Details
- Parcel number: 4681612300
- Special conditions: N/K
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Other/Remarks
Condition
- Year built: 1940
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & neighborhood
Security
- Security features: N/K
Location
- Region: San Diego
- Subdivision: EAST SAN DIEGO
Other
Other facts
- Listing terms: Cal Vet,Cash,Conventional,Exchange,FHA
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$1,494,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,494,100