4017 42nd St, San Diego, CA 92105

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.

Listing Status:

Active

Date Added:

April 2, 2026

Data Last Updated:

April 5, 2026 at 6:18PM

Listing Office:

eXp Realty of California, Inc. : 888-584-9427

Listing Agent:

Voltaire Lepe : 619-852-2222

MLS ID:

260007745SD

Interior

• A/C:
• Heating: Forced Air

Exterior

• Parking: Parking spaces: 0

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: Commercial4714421100

Financial

• Source: CRMLS_SAND