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4017 42nd St, San Diego, CA 92105
Priced at Only: $8,995,000
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Address: 4017 42nd St, San Diego, CA 92105
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  • MLS#: 260007745SD ( Commercial/Residential )
  • Street Address: 4017 42nd St
  • Viewed: 6
  • Price: $8,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92105
  • Provided by: eXp Realty of California, Inc.
  • Contact: Voltaire Voltaire
  • California Regional MLS IDX
  • DMCA Notice
  • 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 usesan 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.
Features
Country
  1. US
Heating
  1. Forced Air
Parcel Number
  1. 4714421100
Property Type
  1. Commercial/Residential
Totalexpenses
  1. 0.00
Totalmonthlyrent
  1. 48000
Zoning
  1. Commercial
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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