2033 S 40Th St, San Diego, CA, 92113- Browse San Diego Homes For Sale - LaJolla.com

San Diego Real Estate

When it comes to real estate, San Diego is a goldmine of opportunities.  World-renowned for its bedazzling coastline, year-round sunshine, and vibrant culture – it’s a no-brainer that people are flocking here to stake their claim and call SD home sweet home.  But what does the real estate market look like in this sparkling city paradise?  We’re here to answer that question and many other inquiries you might have about San Diego real estate.

80 Days Online

2033 S 40Th St
San Diego, CA 92113

For Sale|Multi-Family|Pending
San Diego
2033 S 40Th St2033 S 40Th St2033 S 40Th St2033 S 40Th St

Update - Front house 2033 the tenants have moved out and back house 2031 the tenants are moving out end of March. Great opportunity to house your extended family on one large lot. Front house is a single level 3 bedroom, 2 bath with inside laundry, 3 year new kitchen-cabinets-appliances-countertops. Also 3 year new luxury vinyl flooring throughout. Parking for two vehicles on the property in front. Large front, side yard and backyards for the whole family to play in. Back standalone house is an adorable, 1 bedroom, 1 bath home with side and front yards and parking for 2 to 3 vehicles. This home is accessed through the alley and is separated from the front house with a gated fence. This cute house is in decent condition but could benefit from a full cosmetic remodel. Great location just a short 10-minute drive to downtown San Diego As a legal duplex or 2 on 1 there are many excellent possibilities for adding additional units on the property. Current ADU code allows adding 2 detached ADU's. Under the city’s bonus density program, you can build 2 additional ADUs one that meets low to moderate income rent requirements. This will allow you to build a bonus ADU with no rent restrictions for a total of 4 ADU’s. These units would fit nicely in the middle of lot between the front & back houses. In addition, the garage conversion just needs a small kitchen to be legally converted into a studio JADU that can be rented out separately. SEE SUPPLEMENT... ...As a legal duplex or 2 on 1 there are many excellent possibilities for adding additional units on the property. Current ADU code allows adding 2 detached ADU's. Under the city’s bonus density program, you can build 2 additional ADUs one that meets low to moderate income rent requirements. This will allow you to build a bonus ADU with no rent restrictions for a total of 4 ADU’s. These units would fit nicely in the middle of lot between the front & back houses. In addition, the garage conversion just needs a small kitchen to be legally converted into a studio JADU that can be rented out separately. Properties in this area don't come up very often and when they do they disappear quickly. Extremely strong rental area. Just two minutes from the 5 freeway and 8 minutes to downtown San Diego. Mature tree in front yard keeps the house really cool in the summer months. SUPPLEMENT: Owner purchased as an REO/Bank Foreclosure in 2009 so very little information was disclosed/available to buyer. Previous owner converted garget to living space permits unknown. Current owner added full bathroom to this garage bedroom. Entire front home is occupied by the same family. Much of the MLS information is estimated including but not limited to year bult and legality of garage conversion. Property is in a flood zone. Each home is insured separately $848 for 2033 and $463 for 2031 annually. NOTE: There have been no floods, even with all the rain we had early 2023 since owner purchased in 2009. Current zoning is RM 1-1 - Allows FAR of .75 - Lost size = 6140 sq ft x .75 = 4605 buildable square feet Front house 2033 is 1130 sq ft including the garage conversion Back house 2031 is 480 sq ft Total existing sq ft = 1610 4605 sq ft buildable – 1610 existing = 2995 sq ft left to build The .75 FAR allows for many ADU options. Contact agent for more information. Owner is a CA licensed real estate agent.

Listing Snapshot
Days Online 
80 Days
Inside Area (SqFt) 
Total Baths 
Full Baths 
Partial Baths 
Lot Size 
0.15 Acres
Year Built 
MLS Number 
Property Tax 
HOA/Condo/Coop Fees 
Sq Ft Source 
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS
4 days agoStatus changed to PENDING
3 weeks agoPrice changed to $799,400
2 months agoPrice changed to $797,400
3 months agoListing first seen online
General Features
Parking for RV 
GatedOn-Site ParkingPotential Space
Water District 
Sewer Connected
1 Story
Interior Features
Water Heater Type 
Natural Gas
Exterior Features
Meter on Property
Community Features
Sales Restrictions 
Age Restrictions 
Security Features 
Listing courtesy of eXp Realty of California, Inc. 619-520-6674

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2024 San Diego MLS®.

Data last update at 2024

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.

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Is San Diego a Good Place for Real Estate?

As if the jaw-dropping natural beauty, fascinating people, or sensational weather isn’t alluring enough, you might be wondering what other factors make San Diego real estate a hot commodity in Southern California.  Let’s start with the explosive growth of several booming industries in the area.  From biotech to defense, tourism to innovative tech startups – San Diego is a mecca for business enterprise.  Then we have the quality of life, which is superior compared to other regions in the state.  World-class dining, tons of sizzling entertainment venues, wicked-awesome surfing – there’s no end to the adventures and experiences new residents can enjoy in San Diego.  For these and many other reasons, San Diego is a prime place for real estate today.  

How to Choose a Real Estate Property in San Diego

This is a bit of a clincher because while there is primo real estate in San Diego to be found, the demand is high, and the supply is low.  That’s great for the market, but finding that “just right” home in such a competitive market can be tough.  Not to worry, here are a few tips for finding the best San Diego real estate:

Best Neighborhoods to Stay in San Diego

The beauty of San Diego real estate for sale is the diversity.  From ultra-urban to beachside bliss, well-heeled neighborhoods to suburban serenity – SD has it all.  But which neighborhoods are the best? Well, we’re partial to La Jolla, of course.  It has incredible beaches, a charming village atmosphere, and sensational dining and entertainment.  For anyone looking for a more vivacious urban vibe, the Gaslamp Quarter can’t be beat.  Then there’s North Park, a hip scene with a thriving art life, local craft breweries, and eclectic entertainment venues.  Check out our San Diego real estate listing by neighborhood to get a better feel for each area.

San Diego Real Estate FAQs

What factors are affecting the San Diego real estate market?

One of the most significant factors is population growth. At the time of this writing, the population of SD is over 3.3 million, which is a .73% increase from the previous year. Combine this influx with limited real estate inventory, and you’re dealing with a big competitive market that is constantly impacting San Diego real estate.  Other factors, such as increased interest rates, economic conditions, real estate taxes, zoning regulations, etc., can also influence the market.

Is San Diego currently a seller’s market for real estate?

The market fluctuates, but San Diego is experiencing a strong seller’s market at the time of this writing.  The demand for homes in SD has been consistently high, with ongoing limited inventory. This creates a robust environment where sellers in SD have the upper hand.

What types of homes are commonly available in San Diego?

That’s another fabulous aspect of San Diego – we have it all!  From ultra-lavish to quaint little bungalows on the beach, real estate here is as diverse as the city itself.

How do San Diego’s real estate prices compare to other major California cities?

Regardless of multi-million dollar residential property sales, San Diego has a surprisingly low price point for real estate compared to other California cities. For instance, SD’s median home price (to date) is $910,000, whereas CA homes in cities like San Jose and San Francisco fetch a median price of $1.25 million.

What are the best family-friendly neighborhoods in San Diego?

More great news on the San Diego real estate front – there are tons of family-friendly neighborhoods with terrific schools sprinkled throughout SD County.  For instance, Carmel Valley is appealing to families because of all of its recreational activities for kids, spacious parks, and superior schools.  Point Loma is also a gem of an area that attracts families looking for a quiet, coastal neighborhood with the beach just minutes away.  A bit of deeper research or a sit-down with your real estate agent will illustrate all the various areas families are craving to settle into in San Diego.  

How does the home-buying process work in San Diego?

It works very similarly as it does in most other states in the US.  The typical process is, first, securing the money for the home or getting pre-approved for a home loan.  Once you and/or your real estate agent find the available home of your dreams, it’s time to make an offer.  If accepted, you’ll enter into a period of escrow when financing is secured, home inspections are done, and ancillary negotiations are made.  Once all the wrinkles are ironed out, real estate documents are prepared and filed, funds are transferred from buyer to seller, and you’ve made a bonafide purchase of real estate in San Diego.

Should I be aware of specific regulations or building codes in San Diego?

Yes, there are several. For example, the California Building Code establishes requirements for construction projects.  SD also has its own set of zoning regulations which establish how land is utilized in different regions of the city.  There are also regulations about multi-unit buildings, commercial structures, retail spaces, etc.  Talk with your real estate agent to get the whole skinny on SD real estate regulations.

What are the popular architectural styles of homes in San Diego?

San Diego might be best known for their historic Spanish Colonial revival-style homes, but the city offers up a plethora of other different architectural styles.  For instance, you can find hints of Spain and Italy in some Mediterranean-inspired homes.  You’ll also find Craftsman, Ranch styles, Tudor-style homes, and Mid-Century Modern. There really is no limit to the imaginative styles of architecture you’ll find in San Diego.