4017 42nd St, East San Diego, CA 92105
- $8,995,000
- List Price
- $8,995,000
- Status
- ACTIVE
- MLS#
- 260007745SD
- Days on Market
- 119
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
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.
Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 26
- Gross Scheduled Income
- $576,000
Listing courtesy of Listing Agent: Voltaire Lepe (offers@lepetendwell.com) from Listing Office: eXp Realty of California, Inc..
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