Active

4204 4208 40th St

San Diego, CA 92105

$1,095,000 $4,616/Mo

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Overview

Bed

Bath

2,584

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $1,095,000

AD Id : 84716002

MLS Id : 260011513SD

Lot Size : 2,584 Sqft

Year Built : 1936

County : San Diego

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Roof: Composition,Rolled/Hot Mop
Cooling Features

Heat Pump Air Conditioning

Heating Source

Has Heating

Building Information

Year Built: 1936 Roof: Composition,Rolled/Hot Mop
Fencing

Partial

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0593
Lot Size Source: Assessor Lot Size Square Feet: 2584

Listing Price Information

Original List Price: 1,095,000 Listing Contract Date: 2026-05-13
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4472801800

Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas,Water

Other Property Info

Source Listing Status: Active Source Neighborhood: 92105 - East San Diego Directions: CrossStreet: Orange Ave Zoning: COMMERCIAL Source Property Type: Residential Income Area: 92105 - East San Diego
Building and Construction

Property Age: 90 Year Built Source: Vendor Enhanced Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5703 Michael, San Diego, CA, 92105	$749,900	3	2	1,000	1,000 SqFt
2003 Bayview Heights Dr.., San Diego, CA, 92105	$335,000	4	2	1,496	1,496 SqFt
5474 Streamview Dr, San Diego, CA, 92105	$700,000	4	2	1,116	1,116 SqFt
2003 BAYVIEW Hts Dr. #88, San Diego, CA, 92105	$224,000	2	--	1,344	1,344 SqFt
3133 54th St, San Diego, CA, 92105	$789,000	4	2	1,582	1,582 SqFt
3854 50th Street, San Diego, CA, 92105	$2,250,000	--	--	5,696	5,696 SqFt
2259 Haniman Dr, San Diego, CA, 92105	$749,000	3	2	984	984 SqFt
4845 Wightman Street, San Diego, CA, 92105	$699,000	2	1	572	572 SqFt
4788 Auburn Dr, San Diego, CA, 92105	$725,000	2	2	1,209	1,209 SqFt
5071 Kalmia Street, San Diego, CA, 92105	$949,000	3	2	1,880	1,880 SqFt

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ByOwner last updated this listing 06/14/2026 @ 10:28

MLS: 260011513SD LISTED BY: Nick Atkin, Atkin Homes Corp. 760-560-6180 SOURCE: CRMLS