List Price: $3M

Listing Status: Active

Days on Market: 1

11 Bedrooms · 6 Bathrooms · 3,768 sq ft

Property Type: Residential

Year Built: 1949

Lot Size: 3,000 sq ft

Garage Spaces: 1

Private Pool: Yes

MLS Number: 26986675

About This Property

Rare income-producing compound in San Diego's Mt. Hope Park neighborhood, just one mile east of Downtown. Perched to capture sweeping 12-mile suburban views stretching to Mt. Helix by day and a glittering city skyline by night, this property delivers four distinct living spaces on one 6,731 sq. ft. lot: an existing single-family home, a Junior ADU tucked beneath it, and two brand-new full-size ADUs finished in a striking modern rowhome style.The main home offers classic single-story living with the flexibility of a lower-level Junior ADU featuring its own private entrance, kitchenette, and full bath, ideal for extended family, a private office, or a rental income stream. At the rear of the lot, accessed via the the sidewalk off S 40th Street, sit two newly constructed, side-by-side 4-bedroom, 2-bathroom ADUs (approximately 1,195 sq. ft. each). Every unit spans two stories with a bright first-floor living, dining, and kitchen layout complete with a wet bar, two bedrooms and a full bath upstairs, two more bedrooms and a second full bath, and private decks off nearly every level to soak in the views. Contemporary James Hardie siding, sleek aluminum-and-mesh-panel railings, durable TPO roofing, and high-efficiency systems throughout give the whole property a polished, low-maintenance, move-in-ready feel from day one. The possibilities here are exactly what you make of them. Live in the main home and lease the rest for substantial rental income of up to $18,000 per month! House multiple generations of family across the main home, JADU, and ADUs while maintaining separate entrances and privacy for everyone. Or hold all four units as a turnkey investment property in one of San Diego's most convenient, up-and-coming corridors. Ample off-street parking is available via the private driveway and rear alley access, in addition to on-street parking along Teak Street and S 40th Street. Investors should also take note: California's new AB 1033 law allows qualifying ADUs to be mapped and legally sold as separate condominiums with local agency approval, opening a compelling path to unlock even more value down the road (buyer to independently verify eligibility, process, cost, and timeline with the City of San Diego). With quick access to Downtown San Diego, Balboa Park, and the region's major freeway corridors, this location offers the rare combination of a quiet, view-oriented residential setting with true urban convenience. Whether you're an investor seeking strong rental income from day one, a multi-generational family wanting separate but connected living spaces, or a buyer drawn to the future upside of California's evolving ADU condominium laws, 3996 Teak Street is a one-of-a-kind opportunity you won't find twice. Four living spaces, endless possibilities. Schedule your private showing today. Property is located in a qualified opportunity zone and available for Business, Stock and Real Estate Capital Gains Deferral prior to estimated CofO 11/15/26.