4204-4208 40th St San Diego, CA ^$ 1,095,000

4204-4208 40th St

^$ 1,095,000

Back to search

Recently Listed

4204-4208 40th St

San Diego, CA, 92105

^$ 1,095,000

Bedrooms2 Baths4.0

Monthly Estimate*

^$ 6,742

4204-4208 40th St, San Diego, CA 92105 - Image 1

4204-4208 40th St, San Diego, CA 92105 - Image 2

4204-4208 40th St, San Diego, CA 92105 - Image 3

4204-4208 40th St, San Diego, CA 92105 - Image 4

4204-4208 40th St, San Diego, CA 92105 - Image 5

4204-4208 40th St, San Diego, CA 92105 - Image 6

4204-4208 40th St, San Diego, CA 92105 - Image 7

4204-4208 40th St, San Diego, CA 92105 - Image 8

4204-4208 40th St, San Diego, CA 92105 - Image 9

4204-4208 40th St, San Diego, CA 92105 - Image 10

4204-4208 40th St, San Diego, CA 92105 - Image 11

4204-4208 40th St, San Diego, CA 92105 - Image 12

4204-4208 40th St, San Diego, CA 92105 - Image 13

4204-4208 40th St, San Diego, CA 92105 - Image 14

4204-4208 40th St, San Diego, CA 92105 - Image 15

4204-4208 40th St, San Diego, CA 92105 - Image 16

4204-4208 40th St, San Diego, CA 92105 - Image 17

4204-4208 40th St, San Diego, CA 92105 - Image 18

4204-4208 40th St, San Diego, CA 92105 - Image 19

4204-4208 40th St, San Diego, CA 92105 - Image 20

4204-4208 40th St, San Diego, CA 92105 - Image 21

4204-4208 40th St, San Diego, CA 92105 - Image 22

4204-4208 40th St, San Diego, CA 92105 - Image 23

4204-4208 40th St, San Diego, CA 92105 - Image 24

4204-4208 40th St, San Diego, CA 92105 - Image 25

4204-4208 40th St, San Diego, CA 92105 - Image 26

4204-4208 40th St, San Diego, CA 92105 - Image 27

4204-4208 40th St, San Diego, CA 92105 - Image 28

4204-4208 40th St, San Diego, CA 92105 - Image 29

4204-4208 40th St, San Diego, CA 92105 - Image 30

View a Virtual Tour

Multi-Family Home for sale in San Diego, CA

for $1,095,000 with 2 bedrooms and 4 full baths. This home was built in 1936 on a lot size of 0.05932.

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.

Multi-Family Active

Price

^$ 1,095,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.05932

Year Built

1936

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260011513

Features

General

Cooling Heat Pump(s)

Roof Composition Rolled/Hot Mop

Zoning COMMERCIAL

Security Features N/K

Construction Materials Stucco Wood

Year Built 1936

Tenant Pays Electricity Gas/Propane Water

Levels 1 Story

Property Subtype Res Income 2-4 Units

Building Name Teralta

County San Diego

Operating Expense 10094.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name SAN DIEGO

Full Baths 4

Status ACTIVE

City San Diego

Senior Community Y/N N

High School District San Diego Unified School Distric

Number Of Units Total 4

MLS Area Metro Uptown

Lot Size Units Acres

Lot Size Square Feet 2584.0

Property Attached Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/snd/260009462

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Middle/Junior School District San Diego Unified School Distric

Elementary School District San Diego Unified School Distric

Cap Rate 5.9

Freehold IDX

Exterior

Fencing Gate Partial

Lot Size Area 0.06

Number of Buildings 3

Building Area Total 1514.0

Waterfront Y/N N

Interior

Total Stories 1

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 2

Total Baths 4

* Excluded Features

List By

Nick Atkin

Listing Agent

Atkin Homes Corp.

Broker

(760) 560-6180

Phone

Affordability Calculator

$6,742

Per Month

Monthly Principal & Interest: $6,742
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in San Diego, CA

Average List Price ^$2,193,493

Percent of Sale Price 100%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5192114 Elementary School

5192093 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2026	$1,095,000		Listed Price

Map

More homes like this one

homes for you

See all

4204-4208 40th St, San Diego, CA, 92105 is a Multi-Family Home for sale at $1,095,000 with a lot size of 0.05932. 4204-4208 40th St has 2 bedrooms, 4.0 baths, and was built in 1936. The property's zip code is 92105 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 5/13/2026.

CA BRE #019180026.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

4204-4208 40th St

Multi-Family Home for sale in San Diego, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home