4204 40th St San Diego, CA 92105
Corridor NeighborhoodEstimated payment $6,435/month
Highlights
- Corner Lot
- Gated Home
- 3-minute walk to Teralta Park
- 1-Story Property
- Wood Siding
About This Home
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 Details
Home Type
- Multi-Family
Year Built
- Built in 1936
Lot Details
- 2,584 Sq Ft Lot
- Gated Home
- Partially Fenced Property
- Corner Lot
Home Design
- Rolled or Hot Mop Roof
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 2 Bedrooms
- 1,514 Sq Ft Home
- 1-Story Property
Utilities
- Heat Pump System
Community Details
Overview
- 3 Buildings
- 4 Units
- Teralta Community
- San Diego Subdivision
Building Details
- Operating Expense $10,094
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $6,655 | $496,834 | $331,223 | $165,611 |
| 2025 | $6,655 | $487,093 | $324,729 | $162,364 |
| 2024 | $5,900 | $477,543 | $318,362 | $159,181 |
| 2023 | $5,770 | $468,180 | $312,120 | $156,060 |
| 2022 | $5,616 | $459,000 | $306,000 | $153,000 |
| 2021 | $480 | $36,220 | $31,770 | $4,450 |
| 2020 | $474 | $35,850 | $31,445 | $4,405 |
| 2019 | $466 | $35,148 | $30,829 | $4,319 |
| 2018 | $438 | $34,460 | $30,225 | $4,235 |
| 2017 | $427 | $33,785 | $29,633 | $4,152 |
| 2016 | $419 | $33,123 | $29,052 | $4,071 |
| 2015 | $413 | $32,626 | $28,616 | $4,010 |
| 2014 | $408 | $31,988 | $28,056 | $3,932 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | For Sale | $1,079,000 | -- | $713 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Wfg Title Co Of Ca San Diego | |
| Grant Deed | $360,000 | Wfg Title Co Of Ca San Diego | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $710,500 | New Conventional | |
| Closed | $520,000 | Construction | |
| Closed | $300,000 | Commercial |
Source: San Diego MLS
MLS Number: 260017247
APN: 447-280-18
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