1014 40th St
Btop 30%San Diego, CA 92102
One license per person in San Diego: whether you can hold it depends on you, not only the home.
15 licensed short-term rentals within ½ mile (11 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$2,903/mo full cashflow at 20% down, 7.43% rate.
Works at $301,978 (56% under asking), or at 82% down.
Rent $3,012/mo from 13 leases of 3-bed houses within 2 mi ($2,781–$3,195).
Beds
3
Baths
1
Sqft
912
Year Built
1958
Days on Market
44
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2607292
This property is in San Diego (92102). View neighborhood stats →
About This Property
*Opportunity in the Heart of San Diego!* A property full of potential and ready for its next chapter. Centrally located with convenient access to major freeways, shopping, dining, schools, Downtown San Diego, and everything the city has to offer. Situated on an approximately 4,400 sq. ft. lot, this property offers an exciting opportunity for buyers, investors, or anyone looking to create something of their own. Zoned RS-1-7, the property may also offer additional development potential, giving buyers the opportunity to explore adding additional living space or units, subject to City approval and applicable development requirements. Bring your vision and come see the potential for yourself! (Some listing photos have been digitally enhanced and/or AI-edited for presentation purposes. Buyers are encouraged to view the property in person to verify its current condition)
Mortgage Calculator
Est. Monthly Payment
$4,656
Location
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Zoned Schools
Elementary
Chollas/Mead Elementary · grades PK-5 · San Diego Unified
Middle
Millennial Tech Middle · grades 6-8 · San Diego Unified
High
Lincoln High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$3,012
Comp Average
$3,039
3990 Broadway
2bd / 1ba · 822 sqft · Single Family
$575K
Est. $2,867/mo
244 26th St
2bd / 2ba · 900 sqft · Single Family
$679K
Est. $3,126/mo
385 43rd St
3bd / 1ba · 1,050 sqft · Single Family
$749K
Est. $3,287/mo
928 42nd Street
3bd / 1ba · 868 sqft · Single Family
$690K
Est. $2,853/mo
2834 L Street
2bd / 1ba · 970 sqft · Single Family
$975K
Est. $3,061/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 3-bed houses within 2 mi · $2,781–$3,195
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,903/mo short at 20% down; 82% down or +$3,770/mo rent closes it.
- Break-even price
- $301,978
- Break-even rent
- $6,782/mo
- Cashflow at 35% down
- −$2,195/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$3,770/mo above the estimate
$557,599 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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