- 2 Beds
- 4 Baths
- .06 Acres
- 27 DOM
4204 4208 40th St
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.
Essential Information
- MLS® #260017247SD
- Price$1,079,000
- Bedrooms2
- Bathrooms4.00
- Acres0.06
- Year Built1936
- TypeResidential Income
- StatusActive
Community Information
- Address4204 4208 40th St
- Area92105 - East San Diego
- SubdivisionSan Diego
- CitySan Diego
- CountySan Diego
- Zip Code92105
Interior
- CoolingHeat Pump
- # of Stories1
- StoriesOne
Exterior
- RoofComposition, Rolled/Hot Mop
Additional Information
- Date ListedJuly 15th, 2026
- Days on Market27
- ZoningCOMMERCIAL
Listing Details
- AgentNick Atkin
- OfficeAtkin Homes Corp.
Nick Atkin, Atkin Homes Corp..
Based on information from California Regional Multiple Listing Service, Inc. as of August 11th, 2026 at 12:27pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.