4017 42nd St - Health Care FOR SALE


San Diego, CA 92105- Teralta West
$8,995,000 USD
619-971-4525
4017 42nd St, San Diego, CA for Sale
$8,995,000 USD
Health Care - FOR SALE
1/9
null | 5.68% Cap Rate

4017 42nd St
San Diego, CA 92105
Teralta West


HIGHLIGHTS

  • Hotel Designation
  • CC-5-4 Zoning
  • Newer Construction
  • 26 Units
  • $48,000 NNN Master Lease!
  • Tenant: House of Metamorphosis with 50 years Experience

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$1,295 USD /SF

CAP RATE

5.68%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CC-5-4

APN/PARCEL ID

471-442-11

ASK ABOUT THIS PROPERTY

Raul SantamariaLepe TendwellMore Info
619-971-4525

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Raul SantamariaLepe TendwellMore Info
619-971-4525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.