1940 Market Street, San Diego, California 92102, San Diego, 92102 - 3 bed, 3 bath
1940 Market Street
San Diego, California 92102
Property Price
SUMMARY
Analysis of 1940 Market Street, San Diego, California 92102 reveals a Fairly Priced Property with a current list price of $1,550,000 aligned with the estimated $1,554,624 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $751 | - |
A 846 26th St Sold | $1,300,000 | 3 | 3 | 1,558 | $834 | 0.5 mi |
B 2858 E St Sold | $1,205,000 | 3 | 2 | 1,332 | $905 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1896, the property has been extensively renovated 'a number of years ago,' as evidenced by the modern and well-maintained kitchen and bathroom. The kitchen features contemporary gray shaker cabinets, stainless steel appliances, and a farmhouse sink. The bathroom boasts an updated vanity with a marble-look countertop, a jetted tub, and a glass-enclosed shower. Hardwood floors are consistent throughout and appear in good condition. While not a brand-new renovation, the updates are stylish and functional, making the home move-in ready with no immediate renovation required.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Significance & Charm
This property is a historically designated Queen Anne Victorian located in the highly desirable Sherman Heights Historic District, offering unique architectural character and prestige.
- Mills Act Tax Benefits
The property benefits from a Mills Act tax break, providing significant and ongoing property tax savings for the owner.
- Flexible Mixed-Use Zoning
Flexible CC3-4 mixed-use zoning allows for both residential and commercial uses, offering exceptional versatility for investment, business, or live/work opportunities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Age of Renovation
While renovated, the description states it was 'a number of years ago,' suggesting potential for outdated features or the need for further modernizations to meet current standards.
- Tenant Occupancy
The property is currently tenant-occupied, which may complicate showings, due diligence, and immediate owner occupancy upon closing.
About 1940 Market Street
Historically designated Queen Anne Victorian located in the highly desirable Sherman Heights Historic District. Home renovated a number of years ago. Mills Act tax break! Off street parking. Large 6,100sf lot. Flexible CC3-4 mixed-use zoning allows for residential AND some commercial uses! Close to all, including I-5, SR-94,,SR-163, I-805 & I-15. Walk to Petco Park! Currently tenant occupied - please do not disturb. BUYER TO VERIFY ALL.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1896
- Lot Size
- 6,100 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.3 mi
Kimbrough Elementary School
Grades K-5 • 0.8 mi
Burbank Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 2,070 | 1,381.5 | 88% |
| Lot Size | 6,100 | 5,227.2 | 70% |
| Price | $1.55M | $816.0K | 90% |
| Price per sq ft | $749 | $708 | 53% |
| Built year | 1896 | 1953 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 178 | 10% |
Pricing History
Listed for Sale
Jan 23, 2026
$1,550,000
Initial Listing
Sold
May 25, 2018
$1,030,000
Public Record
Sold
Apr 4, 2014
$700,000
Public Record
Sold
Sep 30, 2005
$1,010,000
Public Record
Sold
Oct 5, 2001
$315,000
Public Record
Sold
Mar 17, 2000
$222,000
Public Record