858-525-5007

4204 40th St, San Diego CA 92105 | $1,195,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 2584 Lot Sq Ft
  • Type:
  • Stories: 1
  • Year Built: 1936
  • MLS#: 260009462SD
  • Community: 92105 - East San Diego

Listing provided courtesy of Nick Atkin of Atkin Homes Corp.. Last updated 2026-04-25 08:11:35.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.06 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985