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  • 4204-4208 40Th St

4204-4208 40th St, San Diego, CA 92105

$1,079,000 Approx. USD 2 beds, 4 baths

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Photo of Deanne Palmer

Deanne Palmer REALTOR® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com Text Me
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Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Nick Atkin
Lic#: 01880701
Broker: Courtesy of Atkin Homes Corp.
Phone: 858-295-3375

Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 260017247
Price: $1,079,000
Beds: 2
Baths: 4 (4 full)
Built in 1936
1 story
0.06 acres
Subdivision: SAN DIEGO
County: San Diego
Zoning: COMMERCIAL
Construction: Stucco,Wood
MLS area: Metro Uptown

Last Updated: 8/6/2026

 Days On Market (DOM): 27

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This listing belongs to the Metro Uptown MLS area

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Lat/Long: 32.753446, -117.109557.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Deanne Palmer

Deanne Palmer REALTOR® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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