4178 40th Street

San Diego, CA 92105

$2,295,000
Price
Beds
5,032 Sq. Ft.
$456 / Sq. Ft.
5,032
Sq. Ft.
$456
per Sq. Ft.

Description

5 unit well maintained and fully occupied investment property located in the Teralta Heights subdivision and the up and coming Corridor area of San Diego. New El Cajon Boulevard Transit Plaza allows easy access to all San Diego has to offer. Teralta Neighborhood Park is located across the quiet street. Alley offers access to 3 connected garages and additional parking, with parking available on site in the front as well. Brand new Central Elementary School, Clinic and remodeled Wilson Middle School...5 unit well maintained and fully occupied investment property located in the Teralta Heights subdivision and the up and coming Corridor area of San Diego. New El Cajon Boulevard Transit Plaza allows easy access to all San Diego has to offer. Teralta Neighborhood Park is located across the quiet street. Alley offers access to 3 connected garages and additional parking, with parking available on site in the front as well. Brand new Central Elementary School, Clinic and remodeled Wilson Middle School make this an excellent choice for families. This two storied 5 unit complex was built in 1990 in an area where most were built in the 1970's. Two units are 3 bed/ 2 bath in townhouse upstairs/downstairs style and three 2 bed/ 2 bath units, all 100% rented.
  1. Listed by Karen Domnitz • DRE #00897503 • Brokerage DRE #01897784 • Century 21 Affiliated • Karensdwellings@gmail.com

Property Details for 4178 40th Street

Parking Spaces Total
5
Total Units
5.0
Lot Size Source
Assessor
Building Area Total
5032
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Association Fee
$.00
LISTING UPDATED: 10/10/2024 03:56 AM

Property Details for 4178 40th Street

StatusActive
MLS #PTP2406252
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1990
Lot Size0.16 AC / 7,076 SF
CountySan Diego County

Building Information for 4178 40th Street

Stories2Residences-Year Built1990Building Size-Lot Size0.16 AC / 7,076 SF

Property Information for 4178 40th Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $140,280
  • Net Operating Income: $98,280
  • Cap Rate: 4.28
Expense Details
  • Operating Expense: $42,000
  • Expense Year: $2,023
  • Insurance Expense: $3,123
  • Trash Expense: $4,200
  • Real Estate Tax Expense: $7,453
  • Total Expenses: $42,084
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Fence: No
Land/Lot Info
  • Lot Features: Level with Street, Lot 6500-9999, Near Public Transit, Park Nearby
Parking Info
  • Uncovered Spaces: 5
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,275
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,470
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,470
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,125
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Number Of Buildings: 1

Property History for 4178 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4178 40th Street

Taxable ValueLand$193,163Additions$423,867Total$617,030
Tax Record2024$7,623 ($635 / month)
Home Facts
Total Finished SqFt5,032 SqFtAbove Grade Finished SqFt5,032 SqFtLot Size7,076 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningR-3:RESTRICTECountySAN DIEGOAPN447-361-33-00

Schools near 4178 40th Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Central Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

Health Sciences High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4178 40th Street is a multi-family home for sale in San Diego, CA 92105. This property was listed for sale on October 10, 2024 by Century 21 Affiliated, it's currently listed at $2,295,000. This listing's school district is San Diego Unified School District. Nearby schools include Central Elementary School, Wilson Middle School and Hoover High School. 4178 40th Street is a 0-bed, 0-bath, 5,032 sqft multi-family home built in 1990.

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Listing Courtesy of Century 21 Affiliated, Karen Domnitz, DRE #00897503

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