4204 4208 40th St

Property Overview
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.
Home Details
- Property type
- ResidentialIncome
- Year built
- 1936
- Lot size
- 2,584 sq ft
- Stories
- 1.0
- Days on market
- 0
- MLS status
- Active
- Zoning
- COMMERCIAL
Community, Schools & Utilities
Community
- Subdivision
- San Diego
Utilities
- Cooling
- HeatPump
Location & Neighborhood
Location data not available
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