4204 4208 40th St, East San Diego, CA, CA 92105
- $1,079,000
- List Price
- $1,079,000
- Status
- ACTIVE
- MLS#
- 260017247SD
- County
- San Diego
- Year Built
- 1936
- Square Feet
- 2,584
- Days on Market
- 14
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- San Diego
- Virtual Tour 1
- https://www.propertypanorama.com/instaview/snd/260009462
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.
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Additional Information
- Parcel Number
- 4472801800
- Gross Scheduled Income
- $81,300
- Net Operating Income
- $71,206
- Number of Buildings
- 3
- Cooling
- Yes
- Roof
- Composition, Rolled/Hot Mop
Listing courtesy of Listing Agent: Nick Atkin (nick@atkinhomes.com) from Listing Office: Atkin Homes Corp..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.