1940 Market Street, San Diego, California 92102, San Diego, 92102 - 3 bed, 3 bath
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San Diego, California 92102
This Historic Queen Anne Victorian serves as a versatile Live/Work Asset, listed at $1,550,000—a price that aligns with its $1,546,588 Fair Market Value. Boasting a Condition Rating of 3, the residence is move-in ready with a modern kitchen and city skyline views, while the Mills Act Tax Break provides significant ongoing property tax savings. Its flexible zoning and proximity to Petco Park offer rare urban utility for residential or commercial use. This property is a premier choice for Owner-Occupants valuing architectural history or Boutique Professionals seeking a distinctive downtown-adjacent headquarters.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1940 Market Street Subject | $1,550,000* List Price | 3 | 3 | 2,070 | $747 | - |
A 2586 A St. Sold | $1,275,000 | 3 | 2 | 1,518 | $840 | 0.7 mi |
B 1079 21st Street Active | $1,595,000 List Price | 4 | 3 | 1,798 | $887 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1896 historic home is exceptionally well-maintained and move-in ready. It features a modern kitchen and updated bathrooms, refinished hardwood flooring, and contemporary light fixtures that complement its original Queen Anne Victorian character. The property appears to have undergone significant interior updates within the last 5 to 15 years, including fresh paint and modern electrical fixtures, while the exterior and systems show signs of regular upkeep and functional longevity.
This 1896 Queen Anne Victorian qualifies for the Mills Act, providing significant property tax savings while featuring rare architectural details like original floor-to-ceiling stained glass.
The property’s versatile zoning allows for residential, commercial, or boutique professional use, offering a unique live/work opportunity that is rare for such a distinctive historic home.
Located in Sherman Heights, the home offers exceptional walkability to Petco Park and Downtown San Diego, with immediate access to the I-5, 94, 163, and 805 freeways.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6100, other record lot size in square feet = 6392.
The surrounding public schools generally have lower ratings, which may be a drawback for families prioritizing high-performing educational environments.
Due to its 1896 construction and historic status, the property may require specialized and potentially costly ongoing maintenance to preserve its architectural integrity.
Historic Queen Anne Victorian in Sherman Heights – Stained Glass, Gated Parking & Live/Work Flexibility Located in the heart of Sherman Heights just minutes from Downtown San Diego, this 3.5-bedroom, 2.5 bath with large nook, beautifully preserved Queen Anne Victorian (with Mills Act Tax Break!) offers a rare opportunity to own a piece of San Diego’s architectural history. Spanning 2,070 square feet, the property features historic character with a modern kitchen and master bath and balcony with skyline view. A stunning original floor to ceiling stained-glass window serves as a focal point, filling the interior with natural light and color. Large 6,100sf lot with ample storage/workspace apart from house. Close to all freeways, including I-5, 94, 163 and 805. Walk to Petco Park! The home is ideally suited for a private residence, a live/work lifestyle or a boutique professional space. The flexible zoning allows for both residential and commercial use—offering versatility rarely found in a distinctive historic property. The exterior features secure gated onsite parking, along with large storage sheds that provide additional space for creative, professional, or personal use. A large, gated yard circles the property. Enjoy walkable access to downtown, along with immediate connectivity to major freeways—making this an ideal location for both living and working. A unique offering for those seeking character, flexibility, and location in one of San Diego’s most historic neighborhoods. Buyer to verify all.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 2,070 | 1,312 | 81% |
| Lot Size | 6,100 | 5,330.5 | 66% |
| Price | $1.55M | $806.0K | 81% |
| Price per sq ft | $749 | $775 | 44% |
| Built year | 1896 | 1953 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 133 | 34% |
Jan 23, 2026
$1,550,000
Initial Listing
May 25, 2018
$1,030,000
Public Record
Apr 4, 2014
$700,000
Public Record
Sep 30, 2005
$1,010,000
Public Record
Oct 5, 2001
$315,000
Public Record
Mar 17, 2000
$222,000
Public Record