$1,079,000
4204 4208 40th St
San Diego, CA 92105
1936
Year Built
San Diego
County
ResidentialIncome
Property Type
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.
Property Details
Architecture
Features & Amenities
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Mortgage Estimate
$5,743/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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