4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
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Dusty Mulhearn

Dusty Mulhearn

+1(949) 500-6274
$ 995,000
Est. payment | /mo

2,583 Sqft Lot

Save Virtual Tour
$ 995,000
Est. payment | /mo
Save Virtual Tour

2,583 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260022143SD

HOA Y/N No

Year Built 1936

Lot Size 2,583 Sqft

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.

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name Teralta

Zoning COMMERCIAL

Interior

Cooling Heat Pump

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition,Rolled/Hot Mop

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4472801800

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/snd/260009462

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nick Atkin Atkin Homes Corp. #01880701

NEARBY SCHOOLS & PROPERTIES

Dusty Mulhearn

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 500-6274

dusty@propertycousins.com

United States

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4204 4208 40th St

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