About 4017 42nd St
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.
Features of 4017 42nd St
| MLS® # | 260007745 |
|---|---|
| Price | $8,995,000 |
| Bathrooms | 26.00 |
| Full Baths | 26 |
| Square Footage | 9,112 |
| Type | Residential Income |
| Sub-Type | Com-Res Income |
| Status | Active |
Community Information
| Address | 4017 42nd St |
|---|---|
| Area | EAST SAN DIEGO (92105) |
| County | San Diego |
| State | CA |
| Zip Code | 92105 |
Amenities
| Parking | Other/Remarks |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Central Forced Air Elec |
|---|---|
| Fireplace | Yes |
| # of Stories | 2 |
Additional Information
| Date Listed | April 2nd, 2026 |
|---|---|
| Days on Market | 126 |
| Zoning | Commercial |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty of California, Inc. |
|---|