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$ 1,195,000
Est. payment /mo
New
4204-4208 40th St San Diego, CA 92105
2 Beds
4 Baths
2,584 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260009462
Bedrooms 2
Full Baths 4
Year Built 1936
Lot Size 2,584 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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 potential. Do not disturb tenants.
Location
State CA
County San Diego
Area Metro Uptown
Zoning COMMERCIAL
Interior
Cooling Heat Pump(s)
Fireplace No
Exterior
Fence Gate, Partial
View Y/N No
Roof Type Composition,Rolled/Hot Mop
Building
Story 1
Level or Stories 1
Schools
School District San Diego Unified School Distric
Others
Senior Community No
Tax ID 447-280-18-00
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Virtual Tour https://www.propertypanorama.com/instaview/snd/260009462
Listed by Nick Atkin, DRE#01880701 Atkin Homes Corp.