Active

1936 Dale

San Diego, CA 92102

$1,795,000 $7,567/Mo

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Overview

Bed

Bath

4,965

Sqft(Lot)

Description

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 enj oys 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. South Park continues to be one of San Diego's most vibrant and enduring neighborhoods, known for its walkability, historic character, independent restaurants, neighborhood cafes, local boutiques, and proximity to Balboa Park, downtown San Diego, and major employment centers. Properties offering this combination of location, condition, income stability, and future upside are increasingly rare. Whether seeking a long-term investment, a value-add opportunity, or a property with potential for future owner-user flexibility, this exceptional South Park triplex offers a unique opportunity in one of San Diego's premier rental markets.

Property Details

Property Type : Residential Income

Price : $1,795,000

AD Id : 79702887

MLS Id : 260013283SD

Lot Size : 4,965 Sqft

Year Built : 1949

County : San Diego

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Property Appliances: Tankless Water Heater
Cooling Features

Heat Pump Air Conditioning

Heating Source

See Remarks Has Heating

Building Information

Year Built: 1949
Fencing

Partial

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.114
Lot Size Source: Assessor Lot Size Square Feet: 4965

Listing Price Information

Original List Price: 1,795,000 Listing Contract Date: 2026-06-01
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5392211600

Rental Info

Lease Term: Negotiable Tenant Pays: See Remarks

Other Property Info

Source Listing Status: Active Source Neighborhood: 92102 - San Diego Directions: Dale St. to Grape. CrossStreet: Grape Source Property Type: Residential Income Area: 92102 - San Diego
Building and Construction

Property Age: 77 Year Built Source: Vendor Enhanced Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1817 1819 Oakshire Court, San Diego, CA, 92102	$899,000	4	2	1,420	1,420 SqFt
1051 Cooper, San Diego, CA, 92102	$765,000	3	2	1,430	1,430 SqFt
239 50th Street #35, San Diego, CA, 92102	$425,000	3	2	792	792 SqFt
819-821 Raven Street, San Diego, CA, 92102	$860,000	4	1	1,262	1,262 SqFt
48-3042 Broadway, San Diego, CA, 92102	$1,950,000	--	--	--
1261 34th St #28, San Diego, CA, 92102	$729,949	2	2	1,214	1,214 SqFt
1103 33rd St, San Diego, CA, 92102	$2,249,999	--	--	2,550	2,550 SqFt
1641 31st Street, San Diego, CA, 92102	$999,000	3	1	1,462	1,462 SqFt
3211 K Street, San Diego, CA, 92102	$870,000	--	--	--
3060 G, San Diego, CA, 92102	$899,000	2	2	1,438	1,438 SqFt

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ByOwner last updated this listing 06/10/2026 @ 08:29

MLS: 260013283SD LISTED BY: Ron Rooney, eXp Realty of California, Inc. 888-584-9427 SOURCE: CRMLS