4204-4208 40th St, East San Diego, CA 92105
- $1,079,000
- 2
- BD
- 4
- BA
- List Price
- $1,079,000
- Days on Market
- 12
- Status
- ACTIVE
- MLS#
- 260017247
- Bedrooms
- 2
- Bathrooms
- 4
- Lot Size(apprx.)
- 2,584
- City
- East San Diego
- Neighborhood
- City Heights
- School District
- San Diego Unified School Distric
- Complex/Building Name
- Teralta
- Property Type
- Multifamily
- Year Built
- 1936
Property Description
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.
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Additional Information
- Building Name
- Teralta
- Cooling
- Heat Pump
- Lot Size
- 2,584
- Neighborhood
- City Heights
- Roof
- Composition, Rolled Hot Mop
- School District
- San Diego Unified School Distric
- Tenant Pays
- Electricity, Gas/Propane, Water
- Year Built
- 1936
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Listing courtesy of Listing Agent: Nick Atkin (858-295-3375) from Listing Office: Atkin Homes Corp..
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