4416 40th St

4416 40th St

D

San Diego, CA 92116

$1,250,000

Beds

4

Baths

3

Sqft

1,191

Year Built

1927

Days on Market

8

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005299SD

View on MLS

Description

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 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.

Mortgage Calculator

Est. Monthly Payment

$7,935

Principal & Interest$6,321
Property Tax$1,250
Insurance$365
%($250,000)
%

Investment Score

9D
Est. Monthly Rent
$5,509
Monthly Cashflow

Rent − PITI − HOA

$-2,427
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,735

Mortgage (P+I)
$6,321
Cap Rate
1.52%
Cash-on-Cash
-11.65%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$7,936

NOI (Annual)
$19,023
Price-to-Rent

Lower = better for investors

18.9

* 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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