$1,079,000

Multi Family In San Diego

  • 2 Beds
  • 4 Baths
  • 1,514 Sqft
  • 2,614 Sqft lot
  • Updated: July 15
  • Source:
    San Diego MLS  MLS#260017247

About the 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 curren
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.
  • Property type

    Other

  • Floors

    1

  • Year built

    1936

  • Price/sqft

    $712

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4204-4208 40th St, San Diego, California, United States View on Google Maps
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Atkin Homes Corp. - La Jolla

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Atkin Homes Corp. - La Jolla
California, United States
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1
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2025
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Atkin Homes Corp. - La Jolla
La Jolla, California, United States
View agency profile
Last updated
July 15
First listed
Jul 15
Listing reference
260017247
Listing status
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