Corner 4-Unit Residential Income
4204-4208 40th St San Diego, CA 92105
4204-4208 40th St, San Diego, CA, 92105
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For Sale
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Four leased units include two studios and two 2024 ADUs on a corner lot with four separate utility meters.
Property Size1,514 SF
Price / SF$789.30
Days on Market92
Property Features for 4204-4208 40th St
General Information
- Standard status
- Active
- Size
- 1,514 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1936
Listing agency
Atkin Homes Corp.
Listed by
Nick Atkin · License #01880701
Source
Crexi
Added: Apr 21 Updated: Jul 20 at 5:32PM Checked: Jul 20 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atkin Homes Corp.
Investment Insights
Based on property information with market context.
This corner-lot, four-unit residential income property offers a mixed unit configuration with two original studio units and two newly constructed ADUs completed in 2024, with final sign-off. All four units are currently leased. The unit mix includes two studio units and two 1-bedroom units, and the property is supported by four separate meters for utility separation.
The current gross income is reported at $6,775 per month, including $625 per month from a Clear Channel billboard lease. One unit has been recently updated, while the remaining original units present potential for further improvements. Commercial zoning is noted, which may support future redevelopment opportunities subject to City verification.
Centrally located in a high-demand rental area, the property provides convenient access to freeways, public transit, and local amenities.
The current gross income is reported at $6,775 per month, including $625 per month from a Clear Channel billboard lease. One unit has been recently updated, while the remaining original units present potential for further improvements. Commercial zoning is noted, which may support future redevelopment opportunities subject to City verification.
Centrally located in a high-demand rental area, the property provides convenient access to freeways, public transit, and local amenities.
Key Highlights
- 4‑unit corner lot investment with two original studio units and two newly constructed 2024 ADUs (completed with final sign‑off); all units are currently leased.
- Unit mix: two studios and two 1‑bedroom units totaling approx. 320–448 sq ft each, creating a diversified rental profile.
- Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four leased units include two studios and two 2024 ADUs on a corner lot with four separate utility meters.
Where is this quadplex located?
The property is located at 4204-4208 40th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 4‑unit corner lot investment with two original studio units and two newly constructed 2024 ADUs (completed with final sign‑off); all units are currently leased.; Unit mix: two studios and two 1‑bedroom units totaling approx. 320–448 sq ft each, creating a diversified rental profile.; Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease.
