listings details
listings details
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
Website
http://www.atkinhomes.com
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.
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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.

















































