1014 40th Street, San Diego, California 92102, San Diego, 92102 - 3 bed, 1 bath
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1014 40th Street
San Diego, California 92102
ACTIVE
CONDITION: POOR
3Beds
1Baths
912Sq Ft
4,400Lot Size
Property Price
LIST PRICE$679,999
EST. MARKET VALUE
$671,182
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $679,999—positioned slightly above the $671,182 Fair Market Value. While the property requires significant capital investment due to its Condition Rating of 5, the RS-1-7 Zoning and 4,400 sq. ft. lot provide substantial development potential for expansion or ADU construction. Centrally located with a Patio and proximity to local schools, this asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to execute a comprehensive value-add renovation in a high-demand San Diego market.
Estimated Market Value
$671,182
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1958, this property is over 60 years old and explicitly marketed toward investors and buyers who can 'bring your vision,' signaling it needs a full rehab. Additionally, the disclaimer that photos are AI-edited/digitally enhanced suggests the actual interior, kitchen, baths, and systems require major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
Zoned RS-1-7 on a 4,400 sq. ft. lot, this property offers significant upside for investors or owners to explore adding additional living space or units, subject to city approval.
- Prime Central Location
Ideally situated in the heart of San Diego, the home provides exceptional access to major freeways, Downtown, and local amenities, making it a highly convenient hub for commuters.
- Value-Add Opportunity
Priced as a detached 3-bedroom residence in a competitive market, this property serves as an excellent entry point for buyers looking to build equity through renovation and modernization.
CONSRISKS & DEFICIENCIES
- Likely Deferred Maintenance
The use of digitally enhanced listing photos and the 'opportunity' branding suggest the property may require substantial repairs and capital investment to reach its full potential.
- Compact Interior Footprint
With only 912 square feet of living space for a three-bedroom layout and a single bathroom, the interior may feel cramped and lack the functional flow desired by modern families.
About 1014 40th Street
*Opportunity in the Heart of San Diego!* A property full of potential and ready for its next chapter. Centrally located with convenient access to major freeways, shopping, dining, schools, Downtown San Diego, and everything the city has to offer. Situated on an approximately 4,400 sq. ft. lot, this property offers an exciting opportunity for buyers, investors, or anyone looking to create something of their own. Zoned RS-1-7, the property may also offer additional development potential, giving buyers the opportunity to explore adding additional living space or units, subject to City approval and applicable development requirements. Bring your vision and come see the potential for yourself! (Some listing photos have been digitally enhanced and/or AI-edited for presentation purposes. Buyers are encouraged to view the property in person to verify its current condition)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 4,400 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Rowan Elementary School
Grades K-5 • 0.6 mi
7/10
Chollas/Mead Elementary School
Grades K-5 • 0.7 mi
7/10
Baker Elementary School
Grades K-5 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 912 | 1,752.269 |
| Lot Size | 4,400 | 6,446.159 |
| Price | $680.0K | $1.27M |
| Price per sq ft | $746 | $736 |
| Built year | 1958 | 1971 |
| HOA | $0 | $186 |
| Days on market | 28 | 41 |
Pricing History
Listed for Sale
Sep 27, 2026
$679,999
Initial Listing
Sold
Mar 2, 2005
$375,000
Public Record
Sold
Dec 22, 2000
$129,000
Public Record
Sold
Jun 27, 2000
$187,500
Public Record