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4204-4208 40th St San Diego, CA 92105
$1,095,000 2 beds, 4 baths
0 sqft
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Photo of Valerie Tuck

Valerie Tuck REALTOR® - Sales Associate 858-353-3377 m
858-353-3377 o
Lic#: 01947055
NRDS ID: 196559249
valerietuckhomes@gmail.com
Text Me
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Lic#: 01947055
NRDS ID: 196559249
valerietuckhomes@gmail.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 260011513
List price is $1,095,000
Beds: 2
Baths: 4 (4 full)
Built in 1936
1 story
0.06 acres
Subdivision: SAN DIEGO
County: San Diego
Zoning: COMMERCIAL
Construction: Stucco,Wood
MLS area: Metro Uptown

Last Updated: 5/13/2026

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This listing belongs to the Metro Uptown MLS area

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Lat/Long: 32.753446, -117.109557.
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Listing Agent: Nick Atkin
Lic#: 01947055
Office Name: La Jolla Prospect

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Valerie Tuck

Valerie Tuck REALTOR® - Sales Associate 858-353-3377 m
858-353-3377 o
Lic#: 01947055
NRDS ID: 196559249
valerietuckhomes@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 01947055
NRDS ID: 196559249
valerietuckhomes@gmail.com

La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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