4204 4208 40th St
San Diego, CA 92105
2
Bed
4
Bath
2,584Sqft(Lot)
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
Property Details
Map
Map
Features
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Interior Features
Roof: Composition, RolledHotMop -
Heating & Cooling
Has Heating: Yes Has Cooling: Yes Cooling: HeatPump
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Building Information
Year Built: 1936Stories: 1Private Pool: No
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Lot Information
Main Square Feet: 2584 Lot Size Acres: 0.0593 Lot Size Source: Assessor Lot Size Square Feet: 2,584Property Information
Subdivision: San Diego Source Property Type: ResidentialIncome Levels: One Property Age: 90
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Listing Price Information
Listing Price: $995000Cash, Conventional, FHA, VaLoan
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Tax Information
Parcel Number: 4472801800
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Location Information
Direction: CrossStreet: Orange Ave
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4080 4078 Orange Avenue, San Diego, CA, 92105 | $875,000 | 4 | 3 | -- | 4,496 Sqft |
| 4052 56 Euclid, San Diego, CA, 92105 | $1,275,000 | 3 | 4 | -- | -- |
| 3634 3636 Central Avenue, San Diego, CA, 92105 | $870,000 | 4 | 3 | -- | -- |
| 4251 53 Pepper Dr, San Diego, CA, 92105 | $938,000 | 4 | 2 | -- | 5,050 Sqft |
| 4225 Central Avenue, San Diego, CA, 92105 | $1,295,000 | 5 | 5 | -- | -- |
| 3844 46 49th Street, San Diego, CA, 92105 | $1,200,000 | 6 | 4 | -- | -- |
| 4129 31 Chamoune, San Diego, CA, 92105 | $1,200,000 | 6 | 3 | -- | -- |
| 4204 4208 40th St, San Diego, CA, 92105 | $999,000 | 2 | 4 | -- | 2,584 Sqft |
| 3736 3738 46th Street, San Diego, CA, 92105 | $969,000 | 4 | 2 | -- | 6,249 Sqft |
| 4319 23 Landis, San Diego, CA, 92105 | $1,349,000 | 6 | 4 | -- | 3,722 Sqft |
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ByOwner last updated this listing 09/11/2026 @ 22:41
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