6934 38 Mohawk St

San Diego, CA 92115

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

This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.