MLS® 260007745 · For Sale
4017 42nd St
San Diego, California, 92105
$8,995,000
4017 42nd StSan Diego, California
$8,995,000
- 26
- Bathrooms
- 9,112
- Sq. Ft.
About This Home
Rare investment opportunity featuring a $48,000/month NNN master lease with House of Metamorphosis, a well-established nonprofit operator with approximately 50 years in business, delivering stable, predictable income with minimal landlord responsibility. The property consists of 26 units, each with a private bathroom, purposefully designed for supervised residential care. The 8,450 SF building offers an average unit size of approximately 325 SF, maximizing income efficiency. Situated on a 7,000 SF lot with motel zoning, the property presents limited land value contribution; however, the zoning carries significant embedded entitlement value for SRO and behavioral health uses—an increasingly scarce and difficult-to-replicate asset class in San Diego. Investors are presented with a dual-path opportunity: continue operating with a reputable, long-term tenant under a true NNN structure, or reposition the asset for alternative residential or lodging uses, leveraging the existing 26-unit configuration and flexible zoning.
Features & Details
Interior
- Bathrooms
- 26
- Living Area
- 9,112 sq ft
- Heating
- Central Forced Air Elec
Exterior & Lot
- Parking
- Other/Remarks
Community
- Area
- Metro Uptown
- County
- San Diego
Utilities & Terms
- Conditions
- N/K
Listing courtesy by Voltaire Lepe of eXp Realty of California, Inc., (888) 584-9427
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