4226 40th Street, San Diego, California 92105, San Diego, 92105 - 3 bed, 1 bath
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San Diego, California 92105
This High-Density Development Asset is offered at a List Price of $1,100,000, representing a stable entry point at its $1,100,000 Fair Market Value. The property is currently in Development-Ready Condition, with its primary value derived from an exceptional 6.5 FAR Allowance within a Complete Communities Tier 3 zone. Situated in a Transit Priority Area, the site qualifies for zero parking requirements, significantly maximizing buildable square footage and ROI potential. With access to McKinley Elementary School (9/10), this is a high-capacity acquisition perfectly suited for Multifamily Developers or Infill Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4226 40th Street Subject | $1,100,000* List Price | 3 | 1 | 1,194 | $921 | - |
A 4210 40 Th Street Active | $1,100,000 List Price | 3 | 1 | 1,128 | $975 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1926 (nearly 100 years old) with no evidence of significant renovations. The listing is explicitly marketed for its land value and development potential, highlighting a 6.5 FAR allowance for mid-rise infill housing, which indicates the existing structure is intended to be replaced.
Elementary School: McKinley Elementary School (9/10).
The property is situated in a Complete Communities Housing Solutions (CCHS) Tier 3 zone with an exceptional 6.5 FAR, allowing for significant multifamily or mixed-use density.
Located within a Transit Priority Area (TPA), the site qualifies for reduced or zero parking requirements, which significantly lowers construction costs and maximizes buildable area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4791, other record lot size in square feet = 4975.
At a $1.1M price point for a 4,791 sqft lot, the high cost per square foot requires a developer to maximize density to ensure project feasibility.
The immediate neighborhood schools, such as Franklin Elementary and Wilson Middle, have lower performance ratings, which may impact the appeal for future family-oriented residential units.
Three adjacent commercial/residential lots offered at $1.1M each. Properties are located at 4210 40th St, 4220–4222 40th St, and 4226 40th St. Rare opportunity with close proximity to public transportation. Ideal for investors and developers. Properties may be purchased together or individually. Parcels are located in a Complete Communities Housing Solutions (CCHS) Tier 3 zone with an extremely generous 6.5 FAR allowance. This high-capacity zoning allows a developer to build up to 6.5x the lot size, enabling significant multifamily or mixed-use potential. The site is also within a Transit Priority Area (TPA) and Parking Standards Transit Priority Area (PSTPA), allowing reduced or zero parking requirements. Zoning is CUPD-CU-2-4, supporting residential, mixed-use, and commercial uses. All parcels appear in the City’s Adequate Sites Inventory (ASI), confirming suitability for housing development. No flood, fire, coastal, or historic constraints. Located within the El Cajon Boulevard Business Improvement District with excellent transit access. Ideal for mid-rise infill housing or mixed-use development. Zoning and land-use details obtained from the City of San Diego’s official Zoning and Parcel Information Portal (ZAPP) via www.sandiego.gov.. BUYERS TO INVESTIGATE ANY AND ALL ZONING REGULATIONS THEMSELVES. SELLERS AND AGENTS ARE NOT EXPERTS IN ZONING
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,194 | - |
| Lot Size | 4,791.6 | - |
| Price | $1.10M | $1.25M |
| Price per sq ft | $921 | $831 |
| Built year | 1926 | 0 |
| HOA | $0 | $0 |
| Days on market | 182 | 48 |
Apr 30, 2026
$1,100,000
$1,200,000
-8% Price Drop
Initial Listing
Jan 21, 2026
$1,200,000
Initial Listing