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

San Diego
Local realty services provided by:CENTURY 21 Masters
4204-4208 40th St,San Diego, CA 92105
$1,079,000
Virtual Tour
  • 2 Beds
  • 4 Baths
  • 1,514 sq. ft.
  • Multi-family
  • Active
Listed by: nick atkin
Office: atkin homes corp.
MLS#:260017247
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,079,000
  • Price per sq. ft.:$712.68

About this home

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...

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Home facts

  • Year built:1936
  • Listing ID #:260017247
  • Added:1 day(s) ago
  • Updated:July 16, 2026 at 01:49 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,514 sq. ft.

Heating and cooling

  • Cooling:Heat Pump(s)

Structure and exterior

  • Roof:Composition, Rolled/Hot Mop
  • Year built:1936
  • Building area:1,514 sq. ft.
  • Construction Materials:Stucco, Wood
  • Levels:1 Story

Finances and disclosures

  • Price:$1,079,000
  • Price per sq. ft.:$712.68
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc. SANDICOR Member Broker: Randy Thompson

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