4017 42nd St, San Diego, CA 92105
Local realty services provided by:ERA North Orange County Real Estate
Listed by: voltaire lepe
Office: exp realty of california, inc.
MLS#:260007745
Source:San Diego MLS via CRMLS
Price summary
- Price:$8,995,000
- Price per sq. ft.:$987.16
About this home
Rare investment opportunity featuring a $49,440/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....
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Home facts
- Listing ID #:260007745
- Added:178 day(s) ago
- Updated:October 02, 2026 at 02:16 PM
Rooms and interior
- Total bathrooms:26
- Full bathrooms:26
- Living area:9,112 sq. ft.
Heating and cooling
- Heating:Central Forced Air Elec
Structure and exterior
- Building area:9,112 sq. ft.
Finances and disclosures
- Price:$8,995,000
- Price per sq. ft.:$987.16
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