4850 67Th StSan Diego, CA 92115

Property Details for 4850 67Th St

Year built

1961

Lot size

0.82 AC

Property size (Sq ft)

10,018 SF

Zone code

R-4:MULTIPLE RESIDENTIAL

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

468-180-09-00

APU

4681800900

Description

This exceptional investment opportunity presents a 10,475-square-foot medical office building situated on a 0.82-acre lot at 4850 67th Street, San Diego, CA 92115. The property, built in 1969 and extensively renovated in 2024, is currently 100% occupied by Altignis Treatment Facility under a 20-year triple-net (NNN) lease with a corporate guarantee. The lease commenced upon closing and features a strong annual rent of $551,408, with built-in 2% annual increases. This translates to a compelling 6.75% cap rate and a price per square foot of $779.86. The property benefits from its location in a high-income area, with average household incomes exceeding $96,500 within a five-mile radius. The lease structure minimizes landlord responsibilities, offering a passive income stream with significant long-term growth potential. This is a rare opportunity to acquire a stable, high-performing medical office investment in a desirable San Diego location. The property offers a secure, long-term investment with a proven tenant and a robust lease structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,052,686

  6.5%

  $1,894,787

  7%

  $1,759,445

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,864,554

  Geo Method

  $4,054,941

• Alternative Use

  Use

  Valuation

  Residential

  $2,403,617

  Hospitality

  $2,201,700

  Educational

  $1,831,789

  Medical

  $1,894,787

  Retail

  $2,849,449

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7672

Longitude

-117.054

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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