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Listed by Atkin Homes Corp., Nick Atkin, Listing Contact: 858-295-3375 
2 Beds
4 Baths
1,514 sqft

$995,000

4204-4208 40th St, San Diego CA, 92105

Price per sqft$657.20
Built in1936
Property size1,514 sqft
Property typeMulti-family

Overview

Active

Listed Sep 10, 2026

Updated 11h ago

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.

$6,620/mo

Est. mortgage payment based on a $995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260022143

Interior Features

Bedrooms
2
Bathrooms
4
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.06 Acres

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Data last updated 4:14 AM UTC, 10/2/2026

   

 

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