$1,795,000

1936 Dale, San Diego, CA 92102

3 beds |
3 baths

Multi-Family Home
Built in 1949
4,792sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property 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 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 Status:: Active
Date Added:: June 1, 2026
Data Last Updated:: July 5, 2026 at 5:12AM
Listing Office:: eXp Realty of California, Inc. : 888-584-9427
Listing Agent:: Ron Rooney : 619-952-1777
MLS ID:: 260013283

A/C: Heat Pump(s)
Heating: Wall/GravityOther/Remarks

Roofing: Other/Remarks
General: Wood/Stucco1 Story

HOA Amenities: 0.0
Originating MLS: SDMLS
County: San Diego

Zoning: 539-221-16-00
View: Other/Remarks
Fencing: Partial

Utilities: Sewer Connected
Water: Meter on Property

Source: SDMLS

This listing courtesy of Ron Rooney , eXp Realty of California, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.