listings details

$1,079,000

New 6 days

Active

-

Beds

-

Baths

-

Sqft

4204 4208 40th St, San Diego, 92105

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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 potential. Do not disturb tenants.

Key details

MLS Number

260017247SD

Price

$1,079,000

Price per Sqft

-

Bedrooms

-

Total Bathrooms

-

Full Bathrooms

-

Property class

Residential Property

Property type

Residential Income

Property style

Other

Year built

1936

HOA fees

-

Days on Market

7

Listing agent

Listing Agent 1

Agent name

Nick Atkin

Agent Email

nick@atkinhomes.com

Agent Phone

(858) 295-3375

Brokerage name

Atkin Homes Corp.

Brokerage address

-

Location

Street Address

4204 4208 40th St

City

San Diego

County

San Diego

District

-

Major Intersection

-

Neighborhood

San Diego

Zipcode

92105

Unit Number

-

Building details

Stories

-

Pet policy

-

Year Built

1936

Lot

0.06 acres / 2,584 sqft

Lot dimensions

-

Lot dimension source

-

Zoning

COMMERCIAL

Zoning type

-

Zoning description

-

Property history

Sale History

Date

Event

Type

Price

Price/sqft

May 2026

Terminated

260011513SD

Sale

$1,095,000

Interior

Virtual tour

  • Branded 3D Tour. View

Heating & Cooling

  • Cooling: Heat Pump

Exterior

Exterior Features

  • Roof: Composition Rolled Hot Mop

Schools/Amenities around

No schools found nearby.

CRMLS

The listing information displayed on this website, or included in any reports generated from it, is the property of California Regional Multiple Listing Service, Inc. ("CRMLS") and is subject to copyright protection under applicable laws. This information is provided solely for the personal, non-commercial use of visitors and may only be used to identify properties of potential interest for purchase. While all listing details including but not limited to square footage and lot size are believed to be accurate, neither the listing Agent, the listing Broker, CRMLS, nor its affiliates guarantee the accuracy of such data. Visitors are advised to independently verify all listed information through personal inspection and/or consultation with a licensed real estate professional before making any decisions.

This information is derived from California Regional Multiple Listing Service, Inc. as of July 21st, 2026 at 9:55 PM PDT. All data, including area measurements and calculations, is sourced from various providers and has not been nor will it be verified by the broker or MLS. All details should be independently reviewed and confirmed for accuracy. Properties may or may not be listed by the office or agent presenting this information.