John E Burge

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4204 4208 40th StSan Diego, CA 92105

Multi-Family · 0.06 Acres
$1,095,000 Active

4204 4208 40th St Overview

Time on Site:
48 days
Visits:
0

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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4204 4208 40th St Facts & Features

  • Type Multi-Family
  • Lot 0.06 Acres

Details

General

Income/Expenses

  • Gross Scheduled Income: 81300.0
  • Net Operating Income: 71206.0

Building Information

  • Year Built: 1936

Location/Region

  • Country: US
  • County Or Parish: San Diego
  • MLS Area Major: 92105 - East San Diego
  • Postal City: SAN DIEGO
  • Subdivision Name: San Diego

Rent/Lease Information

  • Tenant Pays: Electricity,Gas,Water

General Information

  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 4472801800
  • Park Name: Teralta
  • Property Type: Residential Income
  • Senior Community: No
  • Zoning: COMMERCIAL

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Heating: Yes
  • Levels: One
  • Spa: No
  • Stories: 1
  • Stories Total: 1

Exterior

Lot Information

  • Lot Size Area: 2584.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2584.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3

Waterfront/View

  • View: No

Building Exterior/Construction

  • Roof: Composition,Rolled/Hot Mop

General Information

  • Fencing: Partial
  • Number Of Units Total: 4

4204 4208 40th St Neighborhood

Community

92105 (San Diego) Demographics

33
Median Age
13,645
Population Density (per sq. mile)
25%
College Educated
$48,072
Estimated Median Income
7,106
Estimated Total Home Owners
16,024
Estimated Total Renters
31% / 69%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4204 4208 40th St Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4204 4208 40th St Market Data

Based on the last 30 days in this zip code

$694,746
Average List Price
$610
Average Price per Square Foot
9
Properties Sold
69
Average Days on Market
81
Properties for Sale
Calculations provided by Reliance Network

4204 4208 40th St History

Date Event Value Agent
5/13/2026Source: CRMLS Added to Database
May 13, 2026
Listing provided courtesy of Atkin Homes Corp.Nick Atkin- MLS# 260011513SDMLS ProviderContact Information: [email protected] - 760-560-6180
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