4208 40th St, San Diego, CA 92105 (MLS # 260009462SD)

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PRICE $1,195,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 2,584 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 4/21/2026
TRACT San Diego YEAR BUILT 1936
COMMUNITY 92105 - East San Diego COUNTY San Diego
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
AREA 92105 - East San Diego
LOT 2583 sq ft
LOT DIMENSIONS 2584
STORIES 1
SUBDIVISION San Diego
MORTGAGE CALCULATOR
   

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Listed with Atkin Homes Corp.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 4/22/26 11:24 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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