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Listed by eXp Realty of California, Inc., Voltaire Lepe, Listing Contact: 619-852-2222 
0 Beds
26 Baths
9,112 sqft

$8,995,000

4017 42nd St, San Diego CA, 92105

Price per sqft$987.16
Property size9,112 sqft
Property typeMulti-family

Overview

Active

Listed Apr 2, 2026

Updated Aug 11

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.

$59,844/mo

Est. mortgage payment based on a $8,995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260007745

Interior Features

Bedrooms
0
Bathrooms
26
Heating
Yes
Basement
No

Also listed on CRMLS

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Data last updated 5:53 AM UTC, 8/11/2026

   

 

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