703 40th St, San Diego, California 92102, San Diego, - bed, bath
ACTIVE$899,900
703 40th St, San Diego, California 92102
5Beds
2Baths
1,810Sqft
Lot
Year Built
1953
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250043150SD
Home ConditionExcellent
Features
View-
About this home
I present to you the incredible investment opportunity to own two homes on one lot in the heart of the culturally rich and vibrant neighborhood of Mt Hope! The front unit on this property features 1,138 sqft of living space and a desirable 3-bedroom, 1-bath floor plan, while the rear unit offers a spacious 2-bedroom, 1-bath floor plan with 12ft high ceilings and an abundance of natural light and privacy for its future residents. This is the perfect opportunity for a first-time homebuyer seeking additional rental income or a seasoned investor looking at expanding their portfolio. Owning this home will allow you to enjoy the unbeatable convenience with easy access to major freeways like the 15, 805, and 94, placing you minutes from Downtown, Coronado, local beaches, job centers, and all that San Diego has to offer. In just a short stroll you can be at Dennis V. Allen Park, Mt. Hope Community Garden, local markets, and the Costco on Market St. This once-in-a-generation opportunity combines comfort, location, and investment potential all on one property.
Nearby schools
7/10
Chollas/Mead Elementary School
Public,•K-5•0.6mi
7/10
Rowan Elementary School
Public,•K-5•0.8mi
4/10
Baker Elementary School
Public,•K-5•1.0mi
3/10
Emerson/Bandini Elementary School
Public,•K-6•1.4mi
3/10
Porter Elementary School
Public,•K-6•1.4mi
3/10
Kimbrough Elementary School
Public,•K-5•1.5mi
3/10
Chavez Elementary School
Public,•K-5•1.5mi
4/10
Rodriguez Elementary School
Public,•K-5•1.5mi
5/10
Balboa Elementary School
Public,•K-5•1.8mi
3/10
Burbank Elementary School
Public,•K-5•1.9mi
4/10
Rancho de la Nacion School
Public,•K-6•2.0mi
4/10
El Toyon Elementary School
Public,•K-6•2.0mi
5/10
Sherman Elementary School
Public,•K-5•2.1mi
5/10
Central Elementary School
Public,•K-6•2.6mi
4/10
Golden Hill K-8
Public,•K-8•1.0mi
4/10
Logan K-8
Public,•K-8•1.6mi
2/10
Knox Middle
Public,•6-8•1.6mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.8mi
3/10
Clark Middle School
Public,•6-8•2.0mi
3/10
Perkins Elementary School
Public,•K-8•2.5mi
5/10
Roosevelt International Middle School
Public,•6-8•3.0mi
4/10
National City Middle School
Public,•7-8•3.0mi
4/10
Granger Junior High School
Public,•7-9•3.4mi
4/10
Lincoln High School
Public,•9-12•1.1mi
5/10
Hoover High School
Public,•9-12•3.0mi
4/10
Crawford High School
Public,•9-12•3.3mi
5/10
Sweetwater High School
Public,•9-12•3.8mi
Price History
Date
Event
Price
11/02/25
Listing
$899,900
07/08/21
Sold
$640,000
12/30/20
Sold
$428,000
07/30/10
Sold
$128,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (53 Listings) | |
|---|---|---|---|
| Beds | 5 | 3 | 93% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,810 | 1,284 | 85% |
| Lot Size | 0 | 6,156 | |
| Price | $900K | $888K | 52% |
| Price per square foot | $497 | $723.5 | 17% |
| Built year | 1953 | 9755976 | 61% |
| HOA | |||
| Days on market | 3 | 137 | 2% |
Condition Rating
Excellent
Despite being built in 1953, this property has undergone an extensive and high-quality renovation, likely within the last 5 years, making it virtually new. Both the front and rear units feature modern, updated kitchens with white shaker cabinets, quartz countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms are similarly updated with contemporary vanities and tiling. New light-colored flooring, recessed lighting, and modern fixtures are present throughout. The exterior is fresh, and the addition of solar panels further enhances its modern appeal and efficiency. The overall condition, style, and features meet current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Investment Opportunity & Income Potential: The property offers an 'incredible investment opportunity' with two distinct homes on one lot, ideal for generating additional rental income or expanding an investor's portfolio.
Prime Location & Accessibility: Situated in the 'culturally rich and vibrant neighborhood of Mt Hope,' with 'unbeatable convenience' due to easy access to major freeways (15, 805, 94), placing it minutes from Downtown, Coronado, beaches, and job centers.
Versatile Dual Living Spaces: Features two separate units (3-bed/1-bath front, 2-bed/1-bath rear with 12ft ceilings), providing flexibility for owner-occupancy with rental income or multi-generational living.
Excellent Local Amenities & Walkability: Within a short stroll to Dennis V. Allen Park, Mt. Hope Community Garden, local markets, and Costco, enhancing lifestyle convenience for residents.
Strong Appreciation Potential: The sales history indicates significant property value growth in recent years, suggesting strong appreciation potential in the desirable San Diego market.
Cons
Age of Property & Potential for Updates: Built in 1953, the property may have aging systems and require significant capital investment for modern updates or deferred maintenance, which are not detailed in the description.
Zoning/Legal Status Ambiguity: Described as 'two homes on one lot' but listed as 'Single Family Residence,' which requires verification of legal duplex status or potential non-conforming use, impacting financing or future development.
Low Bathroom-to-Bedroom Ratio: With a total of 5 bedrooms across both units but only 2 bathrooms, the property has a low bathroom count, which could be a drawback for tenant appeal or resale value.