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Berkshire Hathaway HomeServices California Properties

4017 42nd St, San Diego, CA 92105

$8,995,000 Approx. USD 9,112 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Voltaire Lepe
Lic#: 01422464
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-852-2222

Listing Details

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

Property Sub-Type:

Status: ACTIVE

Listing ID: 260007745

Price: $8,995,000

Rental Rate: $8,995,000

Lot Size:

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

Days On Market (DOM): 122

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Lat/Long: 32.750090, -117.104279.
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Easement Present: (Easement present. For more information, contact agent.)

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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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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