4204 40th St, San Diego, CA 92105

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
4204 40th St,San Diego, CA 92105
$1,195,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: nick atkin
Office: atkin homes corp.760-560-6180
MLS#:260009462SD
Source:CRMLS

Price summary

  • Price:$1,195,000

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 #:260009462SD
  • Added:1 day(s) ago
  • Updated:April 22, 2026 at 01:32 PM

Heating and cooling

  • Cooling:Heat Pump

Structure and exterior

  • Roof:Composition, Rolled Hot Mop
  • Year built:1936
  • Lot area:0.06 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$1,195,000
Based on information from California Regional Multiple Listing Service, Inc. as of April 22, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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