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

Don Pelletier

+1(858) 336-1114
$ 1,079,000
Est. payment /mo
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4204-4208 40th St San Diego, CA 92105

2 Beds

4 Baths

2,584 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260017247

Bedrooms 2

Full Baths 4

Year Built 1936

Lot Size 2,584 Sqft

Property Sub-Type Res Income 2-4 Units

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.

Location

State CA

County San Diego

Area Metro Uptown

Zoning COMMERCIAL

Interior

Cooling Heat Pump(s)

Fireplace No

Exterior

Fence Gate, Partial

View Y/N No

Roof Type Composition,Rolled/Hot Mop

Building

Story 1

Level or Stories 1

Schools

School District San Diego Unified School Distric

Others

Senior Community No

Tax ID 447-280-18-00

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Virtual Tour https://www.propertypanorama.com/instaview/snd/260009462

MLS Router / San Diego MLS
Listed by Nick Atkin, DRE#01880701 Atkin Homes Corp. 

NEARBY SCHOOLS & PROPERTIES

Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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4204-4208 40th St

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