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.

Features
Cooling System:
Heat Pump(s)
Fence:
Partial, Gate
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Community:
SAN DIEGO
Zipcode:
92105
Street:
40th St
Street Number:
4204-4208
Longitude:
W118° 53' 25.6''
Latitude:
N32° 45' 12.4''
Mls Area Major:
Metro Uptown
Zoning:
COMMERCIAL
Neighborhood
Elementary School District:
San Diego Unified School Distric
High School District:
San Diego Unified School Distric
Middle Or Junior School District:
San Diego Unified School Distric
Additional Info
Office Name:
Atkin Homes Corp.
Agent Name:
Nick Atkin
Additional Information
Building Size:
1514
Construction Materials:
Stucco, Wood
Levels:
1 Story
Number Of Units Total:
4
On Market Date:
2026-07-15
Stories Total:
1
Virtual Tour:
https://www.propertypanorama.com/instaview/snd/260009462
Listing Information
List Agent Mls Id:
652705
List Office Mls Id:
8860
Listing Term:
Cash, Conventional, FHA, VA
Mls Status:
ACTIVE
Modification Timestamp:
2026-07-15T17:06:56Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

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

2 Bedrooms
4 Bathrooms
$1,079,000
Listing ID #260017247
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
260017247
Price :
$1,079,000
Bedrooms :
2
Bathrooms :
4
Year Built :
1936
Status :
Active
Full Bathrooms :
4
Property Sub Type :
Res Income 2-4 Units
Roof:
Composition, Rolled/Hot Mop
Contact Agent
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