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4204 4208 40th St, San Diego, CA — listing photo 1
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FOR SALENew Listing

4204 4208 40th St

San Diego, CA 92105
2,584 Lot Sq Ft
Built 1936
$995,000

Property Overview

Now offered at $995,000. Four income-producing units generating $6,775/month in current gross income, including $625/month from the Clear Channel billboard lease. Located on a corner lot directly across from Teralta Park, the property consists of two original units plus two newly constructed ADUs completed in 2024 and currently leased. The unit mix includes two studios and two 1-bedroom units, approximately 320–448 sq ft. One original unit has been recently remodeled, while the remaining original units provide additional opportunity for future improvements. Four separate electric meters provide individual utility metering. With two newer units already completed and leased, existing billboard income, and additional value-add potential, the property offers multiple income streams without the need to build the additional units from the ground up. Commercial zoning may also provide longer-term redevelopment possibilities; buyer to independently verify permitted uses and development potential with the City of San Diego. Centrally located with convenient access to freeways, transit, shopping and employment centers. An opportunity to acquire four units plus billboard income at a price below $1 million. Do not disturb tenants.

Home Details

Property type
Residential Income
Year built
1936
Lot size
2,584 sq ft
Stories
1
Days on market
0
MLS status
Active
Zoning
COMMERCIAL

Community, Schools & Utilities

Community

Subdivision
San Diego

Utilities

Cooling
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Location & Neighborhood

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Frequently Asked Questions About 4204 4208 40th St

Property type: Residential Income

The current asking price is $995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 4204 4208 40th St. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1936. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Diego, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Diego property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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Listing Agent

Name: Nick Atkin
MLS ID: SAND-652705

Available property

$995,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.