Home | San Diego County | San Diego | 92105 | 4204-4208 40th St
MLS: SD260009462 | Status: Active | Price: $1,195,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 2,584 | 1936 |
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.
| Field | Value |
|---|---|
| MLS # | SD260009462 |
| MLS Source | San Diego MLS |
| Days on Site | 8 |
| Feature | Details |
|---|---|
| Roof | Composition, Rolled/Hot Mop |
| Feature | Details |
|---|---|
| Zoning | COMMERCIAL |
Nick Atkin
Atkin Homes Corp.
License #: 01880701
Phone: (760) 560-6180
| # 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 |
|---|---|---|---|---|
| Wilson Middle School | public | 6-8 | 0.09 mi | 3 |
| Central Elementary School | public | K-5 | 0.23 mi | 4 |
| 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 | 0.56 mi | 5 |
| Hoover High School | public | 9-12 | 0.74 mi | 4 |
| Adams Elementary School | public | K-5 | 0.76 mi | 7 |
| Rosa Parks Elementary School | public | K-5 | 0.86 mi | 4 |
| Joyner Elementary School | public | K-5 | 0.88 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 | 1.18 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 |
| Marshall Elementary School | public | K-5 | 1.46 mi | 7 |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 1.48 mi | 1 |
| Fay Elementary School | public | K-5 | 1.50 mi | 2 |
| Garfield Elementary School | public | K-5 | 1.50 mi | 7 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 4220 22 40th St | $1,100,000 | – | – | – | Active |
| 4454 - 58 N 41st Street | $1,397,000 | – | – | – | PendingDoNotShow |
| 2351 53 Modesto St | $1,200,000 | – | – | – | Active |
| 4540-4548 55th | $1,399,000 | – | – | – | PendingDoNotShow |
| 4077 #79 Winona Avenue | $1,200,000 | – | – | – | Active |
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This listing information is up-to-date as of April 22, 2026. For the most current information, please contact Nick Atkin, (760) 560-6180.