4220 40th Street

4220 40th Street

D

San Diego, CA 92105

$1,200,000

Beds

Baths

Sqft

1,512

Year Built

1926

Days on Market

74

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2600567

View on MLS

Description

Three adjacent commercial/residential lots offered at $1.2M 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

$7,618

Principal & Interest$6,068
Property Tax$1,200
Insurance$350
%($240,000)
%

Investment Score

0D
Est. Monthly Rent
$3,369
Monthly Cashflow

Rent − PITIA

$-4,249
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,024

Mortgage (P+I)
$6,068
Cap Rate
0.04%
Cash-on-Cash
-30.12%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$11,192

NOI (Annual)
$530
Price-to-Rent

Lower = better for investors

29.7

* 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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