4017 42nd St, San Diego, CA 92105

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
4017 42nd St,San Diego, CA 92105
$8,995,000
Virtual Tour
  • - Beds
  • 26 Baths
  • 9,112 sq. ft.
  • Multi-family
  • Active
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 $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...

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Home facts

  • Listing ID #:260007745
  • Added:140 day(s) ago
  • Updated:August 25, 2026 at 02:01 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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