1505 40th St, San Diego, CA 92113
Commercial property
Sold June 2026
Listing Agent: Caleb Mancini (DRE #02253641) · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: OUT OF AREA · OUT OF AREA · MLS #260010536SD · Source: CRMLS
5
Units
6.06%
Cap Rate
$99,959
NOI
Commercial property
Type
About this commercial property
**5-Unit Value-Add Opportunity on a Massive 17,668 SF Lot** Unit mix includes a four-plex with four (4) 2BD/1BA units plus a separate 5BD/3BA house with an attached garage. The oversized lot and Complete Communities zoning allow for multiple value add opportunities, including a lot split between the house and 4 plex, several ADUs, and/or exploration of a full redevelopment concept with potential for 100+ units (buyer to verify).
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
$1,625,000
Sold June 2026 · listed $1,650,000, on market May 2026 · MLS #260010536SD · Source: CRMLS
Listing Agent: Caleb Mancini · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: OUT OF AREA · OUT OF AREA