Two-Home Residential Income
For Sale
Contact for pricing
7180-82 Mohawk St, San Diego, CA 92115
Two homes on one lot, with a move-in ready front home and a rear home currently rented.
Property Size1,760 SF
Price / SF$625
Days on Market59
Property Features for 7180-82 Mohawk St
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Multifamily
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1934
Buildings
2
Units
2
Listing Agency:
FLS & Associates
(619) 646-7556
Listed By:
Benjamin Schmid · License #01962520
Source:
Crexi
Added: Jul 2
Changed: Aug 17
Last Checked: Aug 29 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLS & Associates
Investment Insights
Based on property information with market context.
This property offers two separate homes on one lot, providing residential income potential with one unit already rented. The front home is described as remodeled and move-in ready, with new luxury vinyl plank flooring, white shaker cabinets, Calcutta quartz countertops, brand-new stainless steel appliances, contemporary lighting, and energy-efficient vinyl windows. Additional updates include a custom tiled fireplace in the living room, a newly updated bathroom with custom tile work, and fresh interior and exterior paint. The property also features a fully fenced yard.
The rear home is currently rented, creating immediate rental income to help offset ownership costs. Overall, it’s positioned as a turnkey residential income option with two homes under one ownership structure.
The rear home is currently rented, creating immediate rental income to help offset ownership costs. Overall, it’s positioned as a turnkey residential income option with two homes under one ownership structure.
Key Highlights
- Two homes on one lot: a move‑in ready front home plus a rear home currently rented
- Front home remodeled with new luxury vinyl plank flooring, white shaker cabinets, and Calcutta quartz countertops
- Front home includes brand‑new stainless steel appliances and updated lighting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,528
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$630,560
$630.6K
Cap Rate 7%
$450,400
$450.4K
Cap Rate 9%
$350,311
$350.3K
Market Conditions
NOI Build-Up for 1,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.5K $27.00/SF
− Vacancy
−$2.5K −$1.41/SF
EGI
$45.0K $25.59/SF
− OpEx
−$13.5K −$7.68/SF
NOI
$31.5K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$630,560
Cap Rate 7%
$450,400
Cap Rate 9%
$350,311
Alternative Uses
Best Use
Multifamily LT 5
$450.4K
$394.1K – $525.5K
NOI $31,528 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$415.6K
$363.6K – $484.8K
NOI $29,089 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$695.1K
$608.3K – $811.0K
NOI $48,660 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 92115, CA
64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two homes on one lot, with a move-in ready front home and a rear home currently rented.
Where is this duplex located?
The property is located at 7180-82 Mohawk St San Diego, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two homes on one lot: a move‑in ready front home plus a rear home currently rented; Front home remodeled with new luxury vinyl plank flooring, white shaker cabinets, and Calcutta quartz countertops; Front home includes brand‑new stainless steel appliances and updated lighting
