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  • 1936-40 Dale St

1936-40 Dale St, San Diego, CA 92102

$1,795,000 Approx. USD 3 beds, 3 baths

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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
NRDS ID: 187514104
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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Ron Rooney
Lic#: 01489978
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-952-1777

Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 260013283
Price: $1,795,000
HOA Fee is $0.00
Beds: 3
Baths: 3 (3 full)
Built in 1949
1 story
0.00 acres
Subdivision: South Park (304)
County: San Diego
Construction: Wood/Stucco
Heating description: Wall/Gravity
MLS area: Metro Central
Pets Allowed: Yes

Last Updated: 9/6/2026

 Days On Market (DOM): 123

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This listing belongs to the Metro Central MLS area

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Lat/Long: 32.726237, -117.131400.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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