4204-4208 40th St, San Diego, CA 92105
- 2 beds |
- 4 baths
Multi-Family Home 
Built in 1936 
2,614sqft lot
—— car garage 
$——/sqft 
Listed 7 days ago
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.
- Listing Status:
- Active
- Date Added:
- May 13, 2026
- Data Last Updated:
- May 20, 2026 at 11:12PM
- Listing Office:
- Atkin Homes Corp. : 760-560-6180
- Listing Agent:
- Nick Atkin : 760-560-6180
- MLS ID:
- 260011513
- Roofing: CompositionRolled/Hot Mop
- General: StuccoWood1 Story
- Originating MLS: SDMLS
- School District: San Diego Unified School Distric
- County: San Diego
- Zoning: COMMERCIAL447-280-18-00
- Fencing: GatePartial
- Source: SDMLS
This listing courtesy of Nick Atkin , Atkin Homes Corp.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
