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Glen Henderson

[email protected] +1(619) 889-7646

$8,995,000

Est. payment - /mo

26 Baths

9,112 SqFt

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 9,112 sqft

Price per Sqft $987

MLS Listing ID 260007745

Full Baths 26

Property Sub-Type Com-Res Income

Property Type Com-Res Income

Property Description

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.

Location

State CA

County San Diego

Area Metro Uptown

Zoning Commercial

Interior

Heating Central Forced Air Elec

Fireplace No

Exterior

Parking Features Other/Remarks

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 471-442-11-00

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Listed by Voltaire Lepe, DRE#01422464 eXp Realty of California, Inc.

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

4017 42nd St San Diego, CA 92105

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information