4017 42nd St San Diego, CA 92105
Teralta West NeighborhoodEstimated payment $57,013/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Home Design
Interior Spaces
- 9,112 Sq Ft Home
- 2-Story Property
Utilities
- Central Heating
Community Details
- 26 Units
- 26 Leased Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/02/2026 04/02/26 | For Sale | $8,995,000 | -- | $987 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,250,000 | Stewart Title Guaranty Company | |
| Grant Deed | -- | Bnt Title Company Of Ca | |
| Grant Deed | $590,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Quit Claim Deed | -- | Southland Title | |
| Deed | $265,000 | -- | |
| Deed | $196,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,745,000 | No Value Available | |
| Open | $2,550,000 | New Conventional | |
| Previous Owner | $479,500 | Commercial |
Source: San Diego MLS
MLS Number: 260007745
APN: 471-442-11
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