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4017 42nd St
San Diego CA 92105 US

$8,995,000

Active Listing ID 260007745
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26.00 Bath (26 Full)
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Other

$8,995,000

Active Listing ID 260007745
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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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 26
  • Heating Fuels: Central, Electric (Heating), Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 8995000
  • unparsedaddress: 4017 42nd St
  • postalcity: San Diego
  • stateorprovince: CA
  • country: US
  • postalcode: 92105
  • bathroomsfull: 26
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 9112
  • livingareaunits: Square Feet
  • latitude: 32.75009
  • longitude: -117.104279
  • listagentfullname: Voltaire Lepe
  • listagentemail: offers@lepetendwell.com
  • listagentkey: 3yd-SANDICOR-630418
  • listagentmlsid: 630418
  • listagentpreferredphone: 6198522222
  • listagentofficephone: 8885849427
  • listofficekey: 3yd-SANDICOR-31154
  • listagentstatelicense: 01422464
  • listofficemlsid: 5963
  • disclaimer: Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: SANDICOR
  • listingcontractdate: 2026-04-02
  • listagentfax: 6196388111
  • listagenturl: https://www.exprealty.com
  • countyorparish: San Diego
  • parcelnumber: 471-442-11-00
  • heating: Central, Electric (Heating), Forced Air
  • numberofunitstotal: 26
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Other
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 16, Bathroom 25, Bathroom 26, Bathroom 4, Bathroom 9, Bathroom 23, Bathroom 18, Bathroom 12, Bathroom 21, Bathroom 19, Bathroom 15, Bathroom 13, Bathroom 2, Bathroom 7, Bathroom 10, Bathroom 14, Bathroom 20, Bathroom 6, Bathroom 22, Bathroom 1, Bathroom 8, Bathroom 5, Bathroom 3, Bathroom 17, Bathroom 11, Bathroom 24
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -117.10428, 32.75009
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty of California Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"offers@lepetendwell.com", "ListBrokerageCity":"San Ramon", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"eXp Realty of California Inc.", "ListBrokeragePhone":"(888) 584-9427 x119", "ListBrokeragePostalCode":"94583", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"2603 Camino Ramon", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"2603 Camino Ramon Suite 200 ", "ListOfficeAddress2":"Suite 200", "ListOfficeBrokerMlsId":"31154", "ListOfficeCity":"San Ramon", "ListOfficeCountry":"US", "ListOfficeEmail":"ca.broker@exprealty.com", "ListOfficePostalCode":"94583", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - San Diego, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/4017-42nd-St_San-Diego_CA_92105_M92632-58912?f=listhub&s=SANDICOR&m=260007745&c=rexren", "MLSModificationTimestamp":"2026-05-06 09:17:18", "Neighborhoods":[{"Description":null, "Name":"EAST SAN DIEGO (92105)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/25/2026 7:11:56 AM GMT
Source Updated Date: 5/26/2026 6:40:34 PM GMT

Courtesy of: Voltaire Lepe, eXp Realty of California, Inc., offers@lepetendwell.com

Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.