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4204-4208 40th

San Diego, CA 92105
  • $1,074,900
  • STATUS: ACTIVE
  • ON SITE: 32 Days
  • ID#: 240028206
UPDATED: 39 min ago
$1,074,900
  • 2
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,514
    SQFT
  • $710
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Description

Corner lot 4 unit centrally located property with tons of future potential. Property has two older units and two brand new completed ADU's. The ADU's just got final sign off and both units are newly leased out. Property is zoned commercial, older units could be removed and commercial could be built, perhaps with residential units above? Check with the city. The billboard also generates $625 monthly. Shown with accepted offer. Please do not disturb tenants.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/158657826
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4204-4208 40th San Diego, CA 92105

  • Price: $1,074,900
  • Status: ACTIVE
  • On Site: 32 Days
  • Updated: 39 min ago
  • ID#: 240028206
2
Beds
4
Baths
0
½ Baths
N/A
Acres
1,514
SQFT
$710
$/SQFT
1936
Built
Neighborhood:
Teralta
County:
San Diego
Area:
East San Diego (92105)
Property Description
Corner lot 4 unit centrally located property with tons of future potential. Property has two older units and two brand new completed ADU's. The ADU's just got final sign off and both units are newly leased out. Property is zoned commercial, older units could be removed and commercial could be built, perhaps with residential units above? Check with the city. The billboard also generates $625 monthly. Shown with accepted offer. Please do not disturb tenants.
Exterior Features

Exterior Stucco Fencing Full Roof Rolled/Hot Mop Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Combination Heating Heat Source Electric Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Electric

Property Features

Actual Cap Rate 6.0 Age Restrictions N/K Annual Expense Actual 10094 Annual Expense Projected 15400 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community NORMAL HEIGHTS Complex Park Normal Heights Cross Streets Orange Gross Rent Multiplier Actual 14.54 Gross Rent Multiplier Project 13.08 Gross Scheduled Income Actual 75300 Gross Scheduled Income Project 83700 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 68300 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.25 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays TrashElectricity Terms CashConventionalFHAVA Unit Number For Unit1 4204 Unit Number For Unit2 4206 Unit Number For Unit3 101 Unit Number4 201 Unit1 Deposit 1100 Unit1 Occupied Tenant Unit1 Projected Rent 1350.0 Unit1 Rent Actual 1100.0 Unit2 Deposit 800 Unit2 Occupied Tenant Unit2 Projected Rent 1350.0 Unit2 Rent Actual 900.0 Unit3 Deposit 1800 Unit3 Occupied Tenant Unit3 Projected Rent 1850 Unit3 Rent Actual 1800.0 Unit4 Deposit 1850 Unit4 Occupied Vacant Unit4 Projected Rent 1850 Unit4 Rent Actual 1850.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Matthew Welch of Damico Realty Group: 858-625-1873. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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San Diego CA, 92110