4416 40th St, San Diego, California 92116, San Diego, 92116 - 4 bed, 3 bath
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San Diego, California 92116
This Fully Renovated Dual-Unit Residence is listed at $1,200,000—positioned below the $1,202,711 Fair Market Value by 1%. Boasting a Condition Rating of 2, the property features a 3-bedroom main home and a new studio ADU, offering immediate rental income or multi-generational flexibility. The comprehensive remodel includes new HVAC, electrical, and plumbing, complemented by a rare 5-car driveway. Located in a transit corridor near Normal Heights Elementary, the zoning permits a third dwelling unit for future appreciation. This turnkey asset is ideal for Owner-Occupants or Multi-Generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4416 40th St Subject | $1,200,000* List Price | 4 | 3 | 1,191 | $1,010 | - |
A 4251 Ethelda Place Sold | $1,000,000 | 2 | 1 | 1,162 | $861 | 0.4 mi |
B 4602 Felton St Sold | $1,230,000 | 3 | 2 | 1,266 | $972 | 0.8 mi |
C 4510 Marlborough Drive Sold | $1,117,250 | 2 | 2 | 900 | $1,241 | 0.2 mi |
D 3841 Madison Ave Sold | $880,000 | 2 | 1 | 982 | $896 | 0.2 mi |
E 4251 Ethelda Pl Pending | $1,300,000 List Price | 2 | 2 | 1,162 | $1,119 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1927, the property has undergone a comprehensive, high-end renovation from the roof down, including all-new electrical, plumbing, and HVAC systems. The interior features a modern open-concept kitchen with stainless steel appliances and quartz countertops, updated bathrooms with contemporary fixtures and backlit mirrors, and new flooring throughout, meeting the highest quality standards for a turnkey home.
The property has been completely remodeled from the roof down, including all-new electrical, plumbing, and HVAC systems, providing the peace of mind of new construction within a charming 1927 structure.
In addition to the brand-new studio ADU which offers immediate rental income, the property is positioned in a transit corridor with the rare option to build a third dwelling unit for future value appreciation.
Located on a quiet, non-through street in a highly walkable neighborhood, the property features a rare new concrete driveway that accommodates up to five cars, solving a common pain point for the area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1191, other record living area = 616. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With a total of 1,191 square feet across two units and a list price of $1.2M, the property carries a high price-per-square-foot ratio, which may challenge buyers looking for more interior volume.
The 4,167 square foot lot is relatively compact; utilizing the potential to build an additional unit would significantly diminish the remaining private outdoor yard space.
Front home is a 3 bedroom, 2 full bath. The ADU is a studio with full bath. Discover a fully renovated home in one of San Diego’s most desirable, walkable neighborhoods! Just a quick stroll to Kensington’s cafés, restaurants, and bars, and perfectly positioned in the transit corridor. Located on a quiet, non–through street, parking is always easy, thanks to both the low-traffic setting and a brand-new poured-concrete driveway that accommodates up to five cars. This property has been completely remodeled from the roof down, including a new roof, new flooring, new appliances, new kitchen and bathrooms, and all-new electrical, plumbing, lighting, and fixtures. The main home features central air, an open and bright floor plan, and an airy kitchen with a breakfast bar. The spacious primary suite offers sliders to the backyard, See Supplemental Remarks. a large walk-in closet, and a gorgeous en suite bathroom with dual sinks and a beautifully tiled walk-in shower. Generous secondary bedrooms provide plenty of comfortable space. A brand-new studio ADU adds incredible flexibility, complete with a full kitchen, full bathroom, new mini-split system, and hookups for a washer and dryer. Buyers also have the option to build an additional dwelling unit, unlocking future potential. A rare combination of style, function, and opportunity. This home is fully move-in ready with every modern upgrade already done.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 83% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,191 | 1,497 | 39% |
| Lot Size | 4,167 | 4,998.5 | 41% |
| Price | $1.20M | $1.35M | 45% |
| Price per sq ft | $1.0K | $984 | 55% |
| Built year | 1927 | 1930 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 158 | 6% |
Mar 27, 2026
$1,200,000
Initial Listing
Dec 11, 2024
$800,000
Public Record
Oct 16, 2024
$600,000
Public Record