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$ 1,795,000
Est. payment /mo
New
1936 Dale San Diego, CA 92102
3 Beds
3 Baths
4,965 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision South Park (304)
MLS Listing ID 260013283
Bedrooms 3
Full Baths 3
Half Baths 1
Year Built 1949
Lot Size 4,965 Sqft
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County San Diego
Area Metro Central
Direction Dale St. to Grape.
Interior
Heating Wall/Gravity
Cooling Heat Pump(s)
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View Other/Remarks
Roof Type Other/Remarks
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Senior Community No
Tax ID 539-221-16-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Ron Rooney, DRE#01489978 eXp Realty of California, Inc.
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