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 Multi-Unit Potential Residence is a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,187,431 Fair Market Value by 7%. This valuation gap offers $87,431 in Instant Equity. Boasting a Mint Condition Rating, the property features a comprehensive top-to-bottom remodel and a Brand-New Studio ADU for immediate income. Located in walkable Normal Heights near Kensington, the home includes a rare 5-Car Driveway and potential for a third unit. This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or House-Hacking Investors looking to maximize ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4416 40th St Subject | $1,100,000* List Price | 4 | 3 | 1,191 | $976 | - |
A 4251 Ethelda Pl Sold | $1,325,000 | 2 | 2 | 1,162 | $1,140 | 0.4 mi |
B 4463 Bancroft Street Sold | $1,052,000 | 2 | 2 | 978 | $1,076 | 0.8 mi |
C 4756 E Mountain View Dr Sold | $1,055,000 | 2 | 2 | 1,050 | $1,005 | 0.5 mi |
D 4251 Ethelda Place Sold | $1,000,000 | 2 | 1 | 1,162 | $861 | 0.4 mi |
E 3841 Madison Ave Sold | $880,000 | 2 | 1 | 982 | $896 | 0.2 mi |
F 4202 Madison Avenue Active | $1,325,000 List Price | 3 | 1 | 1,364 | $971 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete top-to-bottom renovation within the last year, including a new roof, all-new electrical, plumbing, and central HVAC systems. The kitchen and bathrooms feature modern, high-end finishes, and the addition of a brand-new ADU ensures the property is in mint, maintenance-free condition.
This 1927 home has been completely reimagined with a top-to-bottom remodel, including a new roof, electrical, plumbing, and central HVAC, offering the peace of mind of new construction in a character neighborhood.
The property features a brand-new studio ADU with its own kitchen and laundry hookups, plus the rare potential to build an additional unit, providing significant rental income or multi-generational living options.
Situated on a quiet, non-through street in a highly walkable area near Kensington, the home includes a rare new driveway that accommodates up to five cars, solving a common pain point in this historic neighborhood.
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 only 1,191 total square feet distributed across four bedrooms and three bathrooms, the individual room sizes and common living areas may feel constrained for larger households.
While some nearby options are highly rated, the immediate assigned schools like Franklin Elementary and Wilson Middle have lower ratings, which may be a drawback for education-focused buyers.
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 FHA and VA approved 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 | 79% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,191 | 1,489 | 43% |
| Lot Size | 4,167 | 4,708 | 43% |
| Price | $1.10M | $1.38M | 40% |
| Price per sq ft | $924 | $982 | 40% |
| Built year | 1927 | 1930 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 101 | 9% |
May 1, 2026
$1,100,000
Initial Listing
Dec 11, 2024
$800,000
Public Record
Oct 16, 2024
$600,000
Public Record