Listed by Bradstreet Investments
$1,100,000
4220 40th Street
Details
APN 4472802000
Property Type Multifamily
Sub Type Apartment Building
Units 2
Cap Rate 2.40%
Buildings 1
Stories 1
Acreage 0.110
Zoning Assessor
Multifamily | 2.40% CAP | 2 Units
Marketing description
Three adjacent commercial/residential lots offered at $1.1M each. Properties are located at 4210 40th St, 42204222 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 Citys 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 Diegos 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
Listing Contacts
Listed by Bradstreet Investments
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