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4017 42nd St 6,945 SF Health Care Building Offered at $12,543,528 CAD at a 5.68% Cap Rate in San Diego, CA 92105
Investment Highlights
- Hotel Designation
- Newer Construction
- $48,000 NNN Master Lease!
- CC-5-4 Zoning
- 26 Units
- Tenant: House of Metamorphosis with 50 years Experience
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $12,543,528 CAD | Building Size | 6,945 SF |
| Price Per Bed | $482,443 CAD | No. Beds | 26 |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 5.68% | Year Built | 2025 |
| Property Type | Health Care | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Rehabilitation Center | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.16 AC | ||
| Zoning | CC-5-4 - CC-5-4 is a zoning for Commercial-Community zones intended for moderate-intensity, pedestrian-oriented development. Also has Hotel Designation! | ||
| Price | $12,543,528 CAD |
| Price Per Bed | $482,443 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.68% |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,945 SF |
| No. Beds | 26 |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.72/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | CC-5-4 - CC-5-4 is a zoning for Commercial-Community zones intended for moderate-intensity, pedestrian-oriented development. Also has Hotel Designation! |
Amenities
- Controlled Access
- Smoke Detector
Room Mix Information
| Description | No. Beds |
|---|---|
| 26 Units with a bathroom | 26 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 471-442-11 | Improvements Assessment | $182,468 CAD |
| Land Assessment | $753,680 CAD | Total Assessment | $936,147 CAD |
Property Taxes
Parcel Number
471-442-11
Land Assessment
$753,680 CAD
Improvements Assessment
$182,468 CAD
Total Assessment
$936,147 CAD
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4017 42nd St
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