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For sale
    • $1,079,000

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

    2beds
    --sqft
    : 
    $7,187/mo
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    Multi Family
    Built in 1936
    -- sqft lot
    $1,071,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Corner lot property
    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.
    10 days
    |
    146
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nick Atkin DRE #01880701 nick@atkinhomes.com,

    Atkin Homes Corp.

    Source: SDMLS,MLS#: 260017247MLS LogoOriginating MLS: SDMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 4
      • Full bathrooms: 4
      Cooling
      • Heat Pump(s)
      Interior area
      • Total structure area: 1,514
      Video & virtual tour

      Property

      Features
      • Levels: 1 Story
      • Fencing: Gate,Partial
      Lot
      • Size: 2,613 Square Feet
      Details
      • Parcel number: 4472801800
      • Zoning: COMMERCIAL
      • Zoning description: COMMERCIAL

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco, Wood
      • Roof: Composition,Rolled/Hot Mop
      Condition
      • Year built: 1936

      Community & HOA

      Community
      • Security: N/K
      • Subdivision: SAN DIEGO
      Location
      • Region: San Diego

      Financial & listing details

      • Date on market: 7/15/2026
      • Listing terms: Cash,Conventional,FHA,VA
      • Tenant pays: Electricity, Gas/Propane, Water

        Estimated market value

        $1,071,200

        $1.02M - $1.12M

        $2,545/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$1,079,000-1.5%
        Source: SDMLS #260017247 Report a problem
        7/15/2026Listing removed$1,095,000
        Source: SDMLS #260011513 Report a problem
        5/13/2026Listed for sale$1,095,000-8.4%
        Source: SDMLS #260011513 Report a problem
        5/13/2026Listing removed$1,195,000
        Source: SDMLS #260009462 Report a problem
        4/21/2026Listed for sale$1,195,000+13.8%
        Source: SDMLS #260009462 Report a problem
        8/13/2025Listing removed$1,049,900
        Source: SDMLS #250018712 Report a problem
        1/14/2025Listed for sale$1,049,900-2.3%
        Source: SDMLS #250001099 Report a problem
        1/13/2025Listing removed$1,074,900
        Source: SDMLS #240028206 Report a problem
        12/26/2024Listed for sale$1,074,900
        Source: SDMLS #240028206 Report a problem
        12/14/2024Pending sale$1,074,900
        Source: SDMLS #240028206 Report a problem
        12/10/2024Listed for sale$1,074,9000%
        Source: SDMLS #240028206 Report a problem
        10/25/2024Listing removed$1,075,000
        Source: SDMLS #240024926 Report a problem
        10/25/2024Price change$1,075,000-1.8%
        Source: SDMLS #240024926 Report a problem
        10/19/2024Listed for sale$1,095,000-0.4%
        Source: SDMLS #240024926 Report a problem
        10/18/2024Listing removed$1,099,000
        Source: SDMLS #240023855 Report a problem
        10/8/2024Listed for sale$1,099,000
        Source: SDMLS #240023855 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Corridor

        Getting around

        87 / 100
        Very Walkable
        56 / 100
        Good Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: San Diego Unified School Distric

        Source: SDMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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