4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
4204 4208 40th St, San Diego, CA 92105
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Carrie And Julie

Carrie And Julie

+1(619) 997-1620
$ 995,000
Est. payment | /mo

2,583 Sqft Lot

Save Virtual Tour
$ 995,000
Est. payment | /mo
Save Virtual Tour

2,583 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260025348SD

HOA Y/N No

Year Built 1936

Lot Size 2,583 Sqft

Property Description

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.

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name Teralta

Zoning COMMERCIAL

Interior

Cooling Heat Pump

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition,Rolled/Hot Mop

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4472801800

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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

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Listed by Nick Atkin Atkin Homes Corp. #01880701
NEARBY SCHOOL & BUSINESS
Carrie And Julie

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 997-1620

carrieandjulie@sellsandiegorealestate.com

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