1936 40 Dale St, San Diego, CA 92102
Local realty services provided by:CENTURY 21 Cornerstone
Listed by: ron rooney
Office: exp realty of california, inc.888-584-9427
MLS#:260013283SD
Source:CRMLS
Price summary
- Price:$1,795,000
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. 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....
Contact an agent
Home facts
- Year built:1949
- Listing ID #:260013283SD
- Added:54 day(s) ago
- Updated:July 26, 2026 at 11:07 AM
Heating and cooling
- Cooling:Heat pump
Structure and exterior
- Year built:1949
- Lot area:0.11 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,795,000
Features and amenities
- Amenities:Tankless Water Heater
New listings near 1936 40 Dale St
- New
$725,000Active2 beds 3 baths1,074 sq. ft.3823 Caminito Litoral #208, San Diego, CA 92107
MLS# 260018271SDListed by: NUMAN STOTZ REAL ESTATE - New
$725,000Active3 beds 2 baths1,221 sq. ft.6267 Caminito Juanico, San Diego, CA 92111
MLS# 260018274SDListed by: ORGEL REALTY & MORTGAGE CO - Coming Soon
$1,580,000Coming Soon4 beds 3 baths4552 54 Piute Pl, San Diego, CA 92117
MLS# PTP2605633Listed by: REAL BROKER
$736,700Pending3 beds 2 baths1,118 sq. ft.8262 Beaver Lake Drive, San Diego, CA 92119
MLS# NDP2607049Listed by: COMPASS- New
$979,000Active3 beds 4 baths1,755 sq. ft.11052 Bryce Way, San Diego, CA 92129
MLS# 260018269SDListed by: LUXE PACIFIC REAL ESTATE - New
$1,249,000Active3 beds 2 baths1,462 sq. ft.5551 Gala Avenue, San Diego, CA 92120
MLS# NDP2607050Listed by: WILLIS ALLEN REAL ESTATE - New
$1,249,000Active3 beds 2 baths1,462 sq. ft.5551 Gala Avenue, San Diego, CA 92120
MLS# NDP2607050Listed by: WILLIS ALLEN REAL ESTATE - Open Sun, 12 to 1pmNew
$399,999Active3 beds 2 baths946 sq. ft.5210 Roswell, San Diego, CA 92114
MLS# PW26162668Listed by: KHORR REALTY - New
$719,900Active2 beds 2 baths1,197 sq. ft.16433 Felice Drive, San Diego, CA 92128
MLS# SW26154511Listed by: TSG PREMIER REALTY - New
$1,220,000Active3 beds 3 baths1,585 sq. ft.12568 Rideabout Court, San Diego, CA 92129
MLS# TR26162556Listed by: HOMECOIN.COM