4017 42Nd St, San Diego, CA 92105 - Berkshire Hathaway HomeServices California Properties

877.778.8811

4017 42nd St San Diego, CA 92105

$8,995,000 0 beds, 26 baths
9, 112 sqft

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Listing Details

Property type: Com-Res Income (Multi-Family)

Property Sub-Type:

Status: ACTIVE

Listing ID: 260007745

List price is $8,995,000

9,112 sqft

0.00 acres

County: San Diego

Zoning: Commercial

Parking type: Other/Remarks

Parking description: Other/Remarks

Heating description: Central Forced Air Elec

Last Updated: 7/29/2026

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Lat/Long: 32.750090, -117.104279.
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Listing Agent: Voltaire Lepe
Office Name: Commercial Division

Lot Details

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Property Details

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.

Financials

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 877.778.8811