Millman Team Real Estate

$1,299,500
0.15 Acre Lot

3326 & 3330 40th Street, San Diego, California 92105

  • Residential Income Property Type
  • 1952 Year Built
Property Description

Do not disturb tenants or enter property without approval. 3326–28 & 3330–32 40th Street present a unique opportunity for an owner-user, investor, or flipper to acquire two contiguous duplexes on separate APNs in a centrally located San Diego neighborhood. Each duplex features a 1,216 sq. ft. single-story structure comprised of two 2-bedroom / 1-bath units (approx. 608 sq. ft. each) with vaulted ceilings and private mid-size yards. There is a total unit count of Four with a total square footage of 2,432. One unit has been fully renovated and is move-in ready, offering immediate occupancy for an owner or solid rent potential for an investor. The properties feature lightly pitched roofs and raised foundations for easy maintenance, along with a total of 5 gas meters, 5 electric meters, and 1 water meter—with the additional gas and electric meters servicing the shared laundry room. There are 5 off-street parking spaces on site. For investors or renovators, there’s clear upside potential. A savvy buyer could modernize the remaining three units and sell each duplex individually at an estimated ARV of $1,700,000–$1,750,000. To facilitate separate sales, a second water meter would need to be established. Nestled in a quiet southwestern pocket of central San Diego known as Castle Park, the area is characterized by wide streets, single-family homes, and duplexes within the RS-1-7 zoning district. The location offers excellent accessibility to nearby retail, employment, and major freeways (I-15, I-805, I-8, and SR-94). Residents enjoy proximity to many of San Diego’s key employment and lifestyle hubs, all within a 5–15 minute drive—including Downtown San Diego, North Park, Fashion Valley, Mission Valley, SDSU, USD, Naval Base San Diego, and Scripps Medical Center.

Basic Details
Residential Income
For Sale
PTP2508010
$1,299,500
1952
0.15 Acre
Active
1
Quadruplex
Features
: None
: Common Area
: Public Sewer
$0
Address Map
CA
San Diego
San Diego
92105
40th
3326 & 3330
Street
GPS
92105 - East San Diego
R-2
Additional Information
$0
$0
$0
$0
$0
: Parking
2432
: Curbs
1
: Back Yard, Front Yard, Yard, 11-15 Units/Acre
4
2025-10-25
1299500
1
https://www.propertypanorama.com/instaview/crmls/PTP2508010
Broker/Agent Information
Commercial Asset Advisors
Maxwell Brown
Listing Information
818479
87970
Conventional
Active
2025-10-31T01:22:26Z
CRMLS
: Standard
2025-10-24T17:00:00Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us