1936-40 Dale St, San Diego, CA 92102
Local realty services provided by:ERA North Orange County Real Estate
Listed by: ron rooney
Office: exp realty of california, inc.
MLS#:260013283
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,795,000
- Price per sq. ft.:$926.69
About this home
Exceptional South Park Triplex with Income Upside and Development Potential. Rare opportunity to acquire a beautifully maintained three-unit income property in one of San Diego's most desirable urban neighborhoods. Located in the heart of South Park, just blocks from Balboa Park, this unique property offers a compelling combination of current cash flow, future rental upside, development potential, and the charm that makes South Park one of San Diego's most sought-after communities. The property consists of three well-maintained 1-bedroom residential units in a tranquil garden-like setting. Mature landscaping, abundant greenery, and private outdoor living spaces create an environment that feels more like a collection of individual homes than a traditional income property. Each residence enjoys its own private patio area, providing tenants with valuable outdoor space and enhanced privacy.The units have been meticulously maintained, each with in-unit washer/dryers, dishwashers, tankless hot water heaters, and separately metered utilities paid directly by the tenants (owner currently pays water service only). The property currently generates approximately $103,000 in annual gross rental income, with estimated market rents supporting potential gross income of approximately $112,000 annually, offering investors potential upside opportunities. Notably adding to the property's appeal is a 400 sf detached two-car garage with ADU potential (currently not included for tenants’ use) with City-approved architectural plans for future use as an office/workspace....
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Home facts
- Year built:1949
- Subdivision & Development:South Park (304)
- Listing ID #:260013283
- Added:90 day(s) ago
- Updated:October 06, 2026 at 02:05 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,937 sq. ft.
Heating and cooling
- Cooling:Heat Pump(s)
- Heating:Wall/Gravity
Structure and exterior
- Year built:1949
- Building area:1,937 sq. ft.
- Construction Materials:Wood/Stucco
- Levels:1 Story
Utilities
- Water:Meter on Property
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,795,000
- Price per sq. ft.:$926.69
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