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Glen Henderson

glen@phcoronado.com +1(619) 270-1180

$1,795,000

Est. payment - /mo

3 Beds

3 Baths

4,965 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

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 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

Virtual Tour https://www.propertypanorama.com/instaview/snd/260013283

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Listed by Ron Rooney, DRE#01489978 eXp Realty of California, Inc.

Nearby School & Business

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Glen Henderson

+1(619) 270-1180

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

Coronado Communities

1936-40 Dale St San Diego, CA 92102

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Search All Homes and Condos for Sale in Coronado

Types of Homes for Sale In Coronado:

All Coronado Homes for Sale by MapCondos and Townhomes for Sale in CoronadoSingle Family Homes for Sale in CoronadoMulti-Family Investment Properties for Sale in CoronadoNew Construction in CoronadoRentals in Coronado

Neighborhoods in Coronado

Coronado Cays Homes for SaleCoronado Shores Condos for SaleCoronado Village Homes and Condos for SaleBayfront Homes for SaleOceanview Homes for SaleCountry Club Estates Homes for Sale

Get More Information

All Coronado Homes for Sale by Map
Condos and Townhomes for Sale in Coronado
Single Family Homes for Sale in Coronado
Multi-Family Investment Properties for Sale in Coronado
New Construction in Coronado
Rentals in Coronado

Coronado Cays Homes for Sale
Coronado Shores Condos for Sale
Coronado Village Homes and Condos for Sale
Bayfront Homes for Sale
Oceanview Homes for Sale
Country Club Estates Homes for Sale