Listing provided courtesy of Nick Atkin of Atkin Homes Corp.. Last updated . Listing information © 2025 Sandicor.

Asking Price: $995,000 | Active​​​​​​​

4204-4208 40th St, San Diego CA 92105

Community: ​City Heights


This ResidentialIncome property was built in 1936 and is priced at $995,000. Please see the additional details below.
  • 1,514 Sq Ft
  • 4 bathrooms
  • 2 bedrooms
  • MLS#: 260022143
  • Type: ResidentialIncome
  • Year Built: 1936
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.

Call or Email The Koop Group now to inquire about this property

619.985.8722