1936 – 1940 Dale St., San Diego, CA 92104 – 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.+6
For additional information please call:
Ron Rooney | 619-952-1777 | Ron.Rooney@mac.com | DRE#: 01489978
Available for $1,795,000.
Additional properties offered by MatchPoint.
Ron’s work with historic and Mills Act homes in North Park, Mission Hills, Kensington, University Heights, and coastal North County communities demonstrates his dedication to preserving architectural heritage and assisting clients in securing substantial property tax savings through the Mills Act historical designation process. Additionally, his hands-on involvement with condominium associations and their Boards in Downtown San Diego, along with his resident/ownership at the Pacific Gate Luxury Towers, positions him as an authority in the downtown condominium market. Ron’s extensive experience with HOA Boards extends to Mexico and adds an international perspective to his understanding of condominium associations and their operations, further positioning him to help his clients make informed decisions and mitigate risk.
Ron’s commitment to volunteer work for Habitat for Humanity, as a CASA (Court Appointed Special Advocate for children), and as an outreach volunteer at the Larkin Street Youth Center in San Francisco reflects his dedication to giving back to the community.
Ron’s educational background, including his degrees from Cornell University and California Western School of Law, as well as his further studies at Colgate University, the University of San Francisco & Harvard University Extension, reflects his dedication to continuous learning and professional development. He is passionate about providing competent, ethical service and counsel to his clients, serving as a trusted advisor and skilled negotiator. His active engagement in the local community and passion for fitness, snowboarding & skiing, equestrian activities, skydiving, travel and his family further demonstrate his well-rounded interests and commitment to a balanced, meaningful and purpose-driven life.
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