30
See all 30 photos
$995,000
Est. payment /mo
2 Beds
4 Baths
2,584 Sqft Lot
Active
4204-4208 40th St San Diego, CA 92105
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260022143
Bedrooms 2
Full Baths 4
Year Built 1936
Lot Size 2,584 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County San Diego
Area Metro Uptown
Zoning COMMERCIAL
Interior
Cooling Heat Pump(s)
Fireplace No
Exterior
Fence Gate, Partial
View Y/N No
Roof Type Composition,Rolled/Hot Mop
Building
Story 1
Level or Stories 1
Schools
School District San Diego Unified School Distric
Others
Senior Community No
Tax ID 447-280-18-00
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Virtual Tour https://www.propertypanorama.com/instaview/snd/260009462
Listed by Nick Atkin, DRE#01880701 Atkin Homes Corp.
NEARBY SCHOOL & BUSINESS