NNN Master-Lease Apartment
4017 42nd St San Diego, CA 92105
4017 42nd St, San Diego, CA, 92105
Contact for pricing
For Sale
Contact for pricing
Apartment building with 26 private-bath units under a $48,000/month NNN master lease to a long-established nonprofit operator.
Property Size9,112 SF
Lot Size0.16 Acres
Price / SF$987.16
Days on Market113
Property Features for 4017 42nd St
General Information
- Standard status
- Active
- Size
- 9,112 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multifamily
Listing agency
Lepe Tendwell Properties
(619) 852-2222
Listed by
Voltaire Lepe · License #CA 01422464
Source
Crexi
Added: Apr 2 Updated: Jul 23 at 12:46AM Checked: Jul 23 at 12:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepe Tendwell Properties
Investment Insights
Based on property information with market context.
Offered for sale: a 26-unit apartment building designed for supervised residential care, with each unit featuring a private bathroom. The property includes an approximately 8,450 SF building with an average unit size of about 325 SF. The site is approximately 7,000 SF.
The property is operated under a $48,000/month NNN master lease with House of Metamorphosis, a nonprofit operator described as having approximately 50 years in business. The public remarks also note minimal landlord responsibility under the stated NNN structure.
Zoned as a motel, the property is presented with limited land value contribution, while the remarks describe embedded entitlement value for SRO and behavioral health uses. The existing 26-unit configuration is positioned as supporting either continued operation with the long-term tenant or a potential repositioning for alternative residential or lodging uses.
The property is operated under a $48,000/month NNN master lease with House of Metamorphosis, a nonprofit operator described as having approximately 50 years in business. The public remarks also note minimal landlord responsibility under the stated NNN structure.
Zoned as a motel, the property is presented with limited land value contribution, while the remarks describe embedded entitlement value for SRO and behavioral health uses. The existing 26-unit configuration is positioned as supporting either continued operation with the long-term tenant or a potential repositioning for alternative residential or lodging uses.
Key Highlights
- $48,000/month NNN master lease with House of Metamorphosis, a nonprofit operator with ~50 years in business
- 26‑unit apartment building with private bathrooms in each unit, designed for supervised residential care
- 8,450 SF building with average unit size of ~325 SF
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Apartment building with 26 private-bath units under a $48,000/month NNN master lease to a long-established nonprofit operator.
Where is this apartment building located?
The property is located at 4017 42nd St San Diego, CA.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: $48,000/month NNN master lease with House of Metamorphosis, a nonprofit operator with ~50 years in business; 26‑unit apartment building with private bathrooms in each unit, designed for supervised residential care; 8,450 SF building with average unit size of ~325 SF
