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$1,195,000
6 Days On Site

4208 40th St
San Diego, CA 92105

For Sale|Residential Income|Active
0
Beds
0
Total Baths
1936
Built
Subdivision:
San Diego
Listed by Nick Atkin of Atkin Homes Corp. nick@atkinhomes.com
Call Now: 858-692-8066
Is this the listing for you? We can help make it yours.
858-692-8066
4208 40th St4208 40th St4208 40th St4208 40th St
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Monthly Payment (Est.)

$5,452
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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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Listing Snapshot
Price 
$1,195,000
Days On Site 
6 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0593 Acres
Year Built 
1936
MLS® Number 
260009462SD
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
7 days agoListing first seen on site
General Features
Acres 
0.0593
Levels 
One
Number Of Stories 
1
Zoning 
COMMERCIAL
Interior Features
Cooling 
Heat Pump
Heating 
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Exterior Features
Fencing 
Partial
Roof 
CompositionRolled/Hot Mop
Community Features
Financing Terms Available 
CashConventionalFHAVA Loan
MLS Area 
92105 - East San Diego


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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