4220 40th Street
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4220 40th Street

D

San Diego, CA 92105

$1,100,000

Beds

Baths

Sqft

1,512

Year Built

1926

Days on Market

120

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2600567

This property is in San Diego (92105). View neighborhood stats →

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About This Property

Three adjacent commercial/residential lots offered at $1.1M 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

Mortgage Calculator

Est. Monthly Payment

$6,983

Principal & Interest$5,562
Property Tax$1,100
Insurance$321
%($220,000)
%

Location

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Investment Score

5D
Est. Monthly Rent
$3,591
Monthly Cashflow

Rent − PITIA

$-3,392
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,135

Mortgage (P+I)
$5,562
Cap Rate
0.47%
Cash-on-Cash
-28.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$10,260

NOI (Annual)
$5,129
Price-to-Rent

Lower = better for investors

25.5

* 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.

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