4017 42nd St, San Diego, CA 92105
4017 42nd St, San Diego, CA 92105
4017 42nd St, San Diego, CA 92105
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Kobe Zimmerman

Kobe Zimmerman

+1(858) 753-3353
$8,995,000
Est. payment /mo
1 Bath
9,112 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 9,112 sqft

Price per Sqft $987

MLS Listing ID 260007745

Full Baths 26

Property Sub-Type Com-Res Income

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.

Location

State CA

County San Diego

Area Metro Uptown

Zoning Commercial

Interior

Heating Central Forced Air Elec

Fireplace No

Exterior

Parking Features Other/Remarks

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 471-442-11-00

Read Less Info
MLS Router / San Diego MLS
Listed by Voltaire Lepe, DRE#01422464 eXp Realty of California, Inc. 

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.  
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

NEARBY SCHOOLS & PROPERTIES

Go tour this home

4017 42nd St