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.
- Cooling System:
- Heat Pump(s)
- Fence:
- Partial, Gate
- 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
- 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
- Office Name:
- Atkin Homes Corp.
- Agent Name:
- Nick Atkin
- 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
- 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
- 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