4204 4208 40th St ST, San Diego, CA 92105 (MLS # 260025348SD)

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PRICE $995,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 2,584 sqft

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.

DAYS ON MARKET 0 LAST UPDATED 10/21/2026
TRACT San Diego YEAR BUILT 1936
COMMUNITY 92105 - East San Diego COUNTY San Diego
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
AREA 92105 - East San Diego
LOT 2583 sq ft
LOT DIMENSIONS 2584
STORIES 1
SUBDIVISION San Diego
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Listed with Atkin Homes Corp.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/21/26 10:26 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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