$1,095,000

4208 40th St, San Diego, CA 92105

Multi-Family Home
Built in 1936
2,583sqft lot
—— car garage
$——/sqft
Listed 6 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 3:19AM
Listing Office:: Atkin Homes Corp. : 760-560-6180
Listing Agent:: Nick Atkin : 858-295-3375
MLS ID:: 260011513SD

A/C: Heat Pump
Heating:

Parking: Parking spaces: 0

Roofing: CompositionRolled/Hot Mop
General: 1

HOA Amenities: 0.0
Originating MLS: CRMLS_SAND
County: San Diego

Zoning: COMMERCIAL4472801800
Fencing: Partial

Source: CRMLS_SAND

This listing courtesy of Nick Atkin , Atkin Homes Corp.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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