Corner 4-Unit Residential Income
For Sale
$1,095,000
4204-4208 40th St, San Diego, CA 92105
Four leased units include two studios and two 2024 ADUs on a corner lot with four separate utility meters.
Property SizeContact for details
Days on Market125
Property Features for 4204-4208 40th St
General Information
Standard status
Active
Property subtype
Investment
Zoning
Commercial
Additional Details
Multifamily Units
4
Building Details
Year Built
1936
Stories
1
Units
4
Listing Agency:
Atkin Homes Corp.
Listed By:
Nick Atkin
(760) 560-6180
Source:
Elliman
Added: May 8
Changed: Sep 8
Last Checked: Jun 5 at 6:27AM
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
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,095,000.
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.
