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$ 995,000
Est. payment /mo
Active
4204 4208 40th St San Diego, CA 92105
2,583 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260022143SD
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
Listed by Nick Atkin Atkin Homes Corp. #01880701