Home | San Diego County | San Diego | 92105 | 4204-4208 40th St
MLS: SD260022143 | Status: Active | Price: $995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 2,584 | 1936 |
Now offered at $995,000. Four income-producing units generating $6,775/month in current gross income, including $625/month from the Clear Channel billboard lease. Located on a corner lot directly across from Teralta Park, the property consists of two original units plus two newly constructed ADUs completed in 2024 and currently leased. The unit mix includes two studios and two 1-bedroom units, approximately 320–448 sq ft. One original unit has been recently remodeled, while the remaining original units provide additional opportunity for future improvements. Four separate electric meters provide individual utility metering. With two newer units already completed and leased, existing billboard income, and additional value-add potential, the property offers multiple income streams without the need to build the additional units from the ground up. Commercial zoning may also provide longer-term redevelopment possibilities; buyer to independently verify permitted uses and development potential with the City of San Diego. Centrally located with convenient access to freeways, transit, shopping and employment centers. An opportunity to acquire four units plus billboard income at a price below $1 million. Do not disturb tenants.
| Field | Value |
|---|---|
| MLS # | SD260022143 |
| MLS Source | San Diego MLS |
| Days on Site | 14 |
| Feature | Details |
|---|---|
| Roof | Composition, Rolled/Hot Mop |
| Feature | Details |
|---|---|
| Zoning | COMMERCIAL |
Nick Atkin
Atkin Homes Corp.
License #: 01880701
Phone: (858) 295-3375
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 320 | 0 | 1/0 | $1,650 |
| 2 | 320 | 0 | 1/0 | $900 |
| 3 | 426 | 1 | 1/0 | $1,800 |
| 4 | 448 | 1 | 1/0 | $1,850 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Central Elementary School | public | K-5 | 0.08 mi | 4 |
| Wilson Middle School | public | 6-8 | 0.09 mi | 3 |
| Trace School | public | 9-12 | 0.25 mi | N/A |
| Cherokee Point Elementary School | public | K-5 | 0.42 mi | 3 |
| Edison Elementary School | public | K-5 | 0.48 mi | 7 |
| Franklin Elementary School | public | K-5 | 0.49 mi | 5 |
| Normal Heights Elementary School | public | K-5 | 0.58 mi | 5 |
| Hoover High School | public | 9-12 | 0.74 mi | 4 |
| Adams Elementary School | public | K-5 | 0.78 mi | 7 |
| Rosa Parks Elementary School | public | K-5 | 0.84 mi | 4 |
| Joyner Elementary School | public | K-5 | 0.92 mi | 4 |
| Euclid Elementary School | public | K-5 | 0.99 mi | 8 |
| Clark Middle School | public | 6-8 | 1.06 mi | 2 |
| Ibarra Elementary School | public | K-5 | 1.19 mi | 7 |
| McKinley Elementary School | public | K-5 | 1.32 mi | 10 |
| Hamilton Elementary School | public | K-5 | 1.35 mi | 8 |
| Jefferson Elementary School | public | K-5 | 1.42 mi | 7 |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 1.48 mi | 1 |
| Marshall Elementary School | public | K-5 | 1.50 mi | 7 |
| Fay Elementary School | public | K-5 | 1.50 mi | 2 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 3844-46 49th Street | $999,999 | – | – | – | Active |
| 3655 44th St. | $845,000 | – | – | – | Active |
| 3313 15 38th St | $1,100,000 | – | – | – | Active |
| 4328 35th Street | $1,100,000 | – | – | – | Active |
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This listing information is up-to-date as of September 23, 2026. For the most current information, please contact Nick Atkin, (858) 295-3375.