4204-4208 40th St, San Diego, CA 92105

San Diego
Local realty services provided by:ERA North Orange County Real Estate
4204-4208 40th St,San Diego, CA 92105
$1,095,000
Virtual Tour
  • 2 Beds
  • 4 Baths
  • 1,514 sq. ft.
  • Multi-family
  • Active
Listed by: nick atkin
Office: atkin homes corp.
MLS#:260011513
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,095,000
  • Price per sq. ft.:$723.25

About this home

Rare 4-unit investment opportunity across from Teralta Park offering strong in-place income and long-term upside. Corner lot property featuring two original studio units and two newly constructed ADUs (4208) completed in 2024 with final sign-off—both currently leased. Unit mix includes two studios and two 1-bedroom units (approx. 320–448 sq ft), providing a diversified rental profile. Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease. Property includes 4 separate meters for clean utility separation and operational efficiency. One unit has been recently updated, with additional value-add potential in the remaining original units. Commercial zoning offers potential future redevelopment opportunities (buyer to verify with City). Centrally located in a high-demand rental area with convenient access to freeways, public transit, and local amenities. Ideal for investors seeking a blend of stabilized income, new construction, and upside...

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Home facts

  • Year built:1936
  • Listing ID #:260011513
  • Added:2 day(s) ago
  • Updated:May 15, 2026 at 02:31 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,514 sq. ft.

Heating and cooling

  • Cooling:Heat Pump(s)

Structure and exterior

  • Roof:Composition, Rolled/Hot Mop
  • Year built:1936
  • Building area:1,514 sq. ft.
  • Construction Materials:Stucco, Wood
  • Levels:1 Story

Finances and disclosures

  • Price:$1,095,000
  • Price per sq. ft.:$723.25
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