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$8,995,000
Est. payment /mo
26 Baths
9,112 SqFt
UPDATED:
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 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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