Ad #7986849
MLS #260013283
Exceptional South Park Triplex with Income Upside and
1936-40 Dale St, San Diego, CA 92102
$1,795,000
3Beds
3Baths
1,937Sqft
0.11Acres
About this property
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.
Property Features
3 Beds
3 Baths
1,937 Sqft
Built in 1949
0.11 Acres
1 Story
Gravity
San Diego County
South Park (34) Community
Additional Photos
Contact Information
Ron Rooney
eXp Realty of California Inc.
619-952-1777
Location
Listing Agent: Ron Rooney (License #: 01489978) 619-952-1777
Broker: eXp Realty of California Inc. 888-584-9427 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: eXp Realty of California Inc. 888-584-9427 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,795,000
3
Beds
3
Baths
1,937
Sqft
1936-40 Dale St, San Diego, CA 92102
By contacting this agent you agree to these Terms and Conditions.
MLS# 260013283
Exceptional South Park Triplex with Income Upside and
$1,795,000
1936-40 Dale St, San Diego, CA 92102
3
Beds
3
Baths
1,937
Sqft
0.11
Acres
$1,795,000
1936-40 Dale St, San Diego, CA 92102
3 Beds
3 Baths
1,937 Sqft
0.11 Acres
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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Property Details
HOME DETAILS
3 Beds
3 Baths
1,937 Sqft
Built in 1949
0.11 Acres
1 Story
INTERIOR
Gravity
FINANCIAL & COMMUNITY
San Diego County
South Park (34) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7986849
Viewed
92 times
Listing Status
Active
Added
Jun 27, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
San Diego MLS
Source Property ID
260013283
Listing Agent: Ron Rooney (License #: 01489978) 619-952-1777
Broker: eXp Realty of California Inc. 888-584-9427 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: eXp Realty of California Inc. 888-584-9427 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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