1940 Market Street
1 / 20

1940 Market Street

D

San Diego, CA 92102

$1,550,000

Soft Appraisal Value: $1,498,800 · 3.4% above estimate

Beds

3

Baths

2.5

Sqft

2,070

Year Built

1896

Days on Market

110

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2600613

This property is in San Diego (92102). View neighborhood stats →

Virtual Tour

About This Property

Historic Queen Anne Victorian in Sherman Heights – Stained Glass, Gated Parking & Live/Work Flexibility Located in the heart of Sherman Heights just minutes from Downtown San Diego, this 3.5-bedroom, 2.5 bath with large nook, beautifully preserved Queen Anne Victorian (with Mills Act Tax Break!) offers a rare opportunity to own a piece of San Diego’s architectural history. Spanning 2,070 square feet, the property features historic character with a modern kitchen and master bath and balcony with skyline view. A stunning original floor to ceiling stained-glass window serves as a focal point, filling the interior with natural light and color. Large 6,100sf lot with ample storage/workspace apart from house. Close to all freeways, including I-5, 94, 163 and 805. Walk to Petco Park! The home is ideally suited for a private residence, a live/work lifestyle or a boutique professional space. The flexible zoning allows for both residential and commercial use—offering versatility rarely found in a distinctive historic property. The exterior features secure gated onsite parking, along with large storage sheds that provide additional space for creative, professional, or personal use. A large, gated yard circles the property. Enjoy walkable access to downtown, along with immediate connectivity to major freeways—making this an ideal location for both living and working. A unique offering for those seeking character, flexibility, and location in one of San Diego’s most historic neighborhoods. Buyer to verify all.

Mortgage Calculator

Est. Monthly Payment

$9,840

Principal & Interest$7,838
Property Tax$1,550
Insurance$452
%($310,000)
%

Location

Loading map...

Investment Score

5D
Est. Monthly Rent
$5,044
Monthly Cashflow

Rent − PITIA

$-4,796
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,247

Mortgage (P+I)
$7,838
Cap Rate
0.46%
Cash-on-Cash
-28.05%
DSCR

Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$14,456

NOI (Annual)
$7,083
Price-to-Rent

Lower = better for investors

25.6

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Get Expert AnalysisOpen Full Calculator