1507 S 40th B, San Diego, California 92113, San Diego, 92113 - 3 bed, 2 bath
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1507 S 40th B
San Diego, California 92113
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
900Sq Ft
59,217Lot Size
Property Price
LIST PRICE$549,900
EST. MARKET VALUE
$471,965
16% AboveMARKET VALUE
SUMMARY
This Turnkey Townhouse represents a High-Potential Investment Opportunity, listed at $549,900—positioned well above the $471,965 Fair Market Value by -16%. While the price reflects a premium, the property features an Excellent Condition Rating following a complete remodel, including new flooring and central AC. With a secure gated entry, private patio, and dual parking, it offers a low-maintenance lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready home with accessible financing options.
Estimated Market Value
$471,965
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1507 S 40th B Subject | $549,900* List Price | 3 | 2 | 900 | $524 | - |
A 4407 Mayberry Street Sold | $417,000 | 2 | 2 | 866 | $482 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1997, the property has undergone a recent complete remodel including sleek new flooring and updated bathrooms with modern vanities and marble-style tiling. The inclusion of central AC and its turnkey status qualifies it as excellent under the recent renovation criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Remodeled Condition
The unit is completely remodeled with sleek new flooring and central AC, offering a move-in-ready experience that lives like a detached home with no neighbors above or below.
- Superior Parking and Security
Located within a secure gated complex, the property includes a rare parking setup featuring both a private carport and a second assigned space directly in front of the unit.
- Financial Accessibility
The property is eligible for first-time homebuyer grants and the seller is open to interest rate buy-down credits, significantly lowering the barrier to entry for buyers.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At only 900 square feet for a three-bedroom configuration, the interior living spaces and bedrooms may feel cramped for larger families or those requiring significant storage.
- Lower School Ratings
The assigned public schools in the immediate area carry lower performance ratings, which may impact long-term resale value for families prioritizing educational districts.
About 1507 S 40th B
Turnkey 3BR/2BA single-story townhouse in a secure, gated complex! Completely remodeled with sleek new flooring, this unit lives like a detached home with no one above or below you. Features central AC, a private patio with individual laundry hookups, plus an on-site community laundry facility. Unbeatable parking setup includes a private carport plus a second assigned space right in front of the unit. Centrally located with immediate proximity to all Military Bases, public transportation and freeways. Perfect for an owner-occupant or a high-yielding rental property.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1997
- Lot Size
- 59,217 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
San Diego Unified Schools
Chavez Elementary School
Grades K-5 • 0.1 mi
3/10
Balboa Elementary School
Grades K-5 • 0.3 mi
5/10
Baker Elementary School
Grades K-5 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 900 | 1,448.452 |
| Lot Size | 59,217 | 74,845.926 |
| Price | $549.9K | $807.2K |
| Price per sq ft | $611 | $596 |
| Built year | 1997 | 1994 |
| HOA | $350.0 | $452 |
| Days on market | 20 | 47 |
Pricing History
Listed for Sale
Aug 20, 2026
$549,900
Initial Listing
Sold
Oct 27, 2022
$415,000
Public Record
Sold
Jun 10, 2016
$160,000
Public Record
Sold
Apr 29, 2011
$81,500
Public Record
Sold
Aug 28, 2008
$174,000
Public Record