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 represents a High-Potential Investment Opportunity at a List Price of $1,200,000, reflecting a stable entry point at its $1,200,000 Fair Market Value. The property’s primary value lies in its CCHS Tier 3 Zoning and 6.5 FAR, allowing for intensive multifamily redevelopment. Situated in a Transit Priority Area with Zero Parking Requirements, the site maximizes buildable square footage. While carrying an Obsolete Condition Rating, the location benefits from the McKinley Elementary School (9/10) boundary. This is a strategic acquisition for Real Estate Developers and Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4226 40th Street Subject | $1,200,000* List Price | 3 | 1 | 1,194 | $1,005 | - |
A 4210 40 Th Street Active | $1,200,000 List Price | 3 | 1 | 1,128 | $1,064 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1926, this property is marketed exclusively for its land value and high-density development potential (6.5 FAR). The listing description and property analysis explicitly state the existing structure is obsolete and recommend demolition to realize the site's highest and best use for multifamily or mixed-use redevelopment.
Elementary School: McKinley Elementary School (9/10).
The property is situated in a Complete Communities Housing Solutions (CCHS) Tier 3 zone with a generous 6.5 FAR, allowing for high-density multifamily or mixed-use projects.
Located within a Transit Priority Area (TPA), the site qualifies for reduced or zero parking requirements, significantly lowering construction costs and maximizing 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.
The 1926 residential building likely represents an underutilization of the land, requiring additional capital for demolition to realize the property's highest and best use.
The specialized CCHS and TPA zoning regulations require sophisticated buyers to perform extensive independent investigations to confirm specific buildable yields and compliance.
Three adjacent commercial/residential lots offered at $1.2M 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1926 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jan 21, 2026
$1,200,000
Initial Listing