4204 40th Street

San Diego, CA 92105

$1,075,000
Price
2
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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. Tenants of the older units are month to month with one vacating at the end of October, their...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. Tenants of the older units are month to month with one vacating at the end of October, their rents are below market. Shown with accepted offer. Please do not disturb tenants.
  1. Listed by Matthew Welch • DRE #01912322 • Brokerage DRE #01420346 • Damico Realty Group

Property Details for 4204 40th Street

Cross Streets
Orange
Source Living Area
Plans
Area
East San Diego (ESD)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
447-280-18-00
Directions
Turn on 40th street from El Cajon BLVD, it is a one way street.
LISTING UPDATED: 11/19/2024 11:13 AM

Property Details for 4204 40th Street

StatusActive
MLS #240025941SD
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size-
CountySan Diego County

Building Information for 4204 40th Street

Stories2Residences-Year Built1936Building Size-Lot Size-

Property Information for 4204 40th Street

Community / Development
Community / Development
  • Complex Name: Normal Heights
  • Number Of Units: 4
  • Builders Tract Name: Teralta
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
  • Water: Meter on Property
  • Water Heater Features: Electric
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $65,206.00
  • Gross Scheduled Income: $75,300
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $14.54
  • Other Income1: $.00
  • Total Annual Expense: 10094
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Rolled/Hot Mop
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Baths: 1
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Baths: 1
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $1,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1

Property History for 4204 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4204 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 - 6 to 8
Rating
School
Distance
Central Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

Health Sciences Middle
Charter6 to 8

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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4204 40th Street is a multi-family home for sale in San Diego, CA 92105. This property was listed for sale on November 1, 2024 by Damico Realty Group, it's currently listed at $1,075,000. This listing's school district is San Diego Unified School District. Nearby schools include Central Elementary School, Wilson Middle School and Hoover High School. 4204 40th Street is a 2-bed, 4-bath, multi-family home built in 1936.

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Listing Courtesy of Damico Realty Group, Matthew Welch, DRE #01912322

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