3938-42 La Salle Street
San Diego, CA 92110
$1,495,000
A rare opportunity in one of San Diego's hottest redevelopment corridors. This 3-unit property delivers strong cash flow today with an attractive value-add upside on rents.Versatile unit sizing offers a flexible canvas for repositioning or redevelopment. The property also features ample exterior parking for 8 cars, a rare and valuable amenity in this submarket.Situated on the edge of Point Loma, this location puts you minutes from Mission Beach, Ocean Beach, and Point Loma proper, with the vibrant Midway District just a short walk away. Whether you're looking to capture immediate cash flow, push rents to market, or plan for future redevelopment, this property checks every
| Listing Id: | 260025464 |
|---|---|
| List Price: | $1,495,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Res Income 2-4 Units |
| Status: | Active |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 3 |
| Bathrooms Half: | 2 |
| Association Fee: | $0 |
| Lot Size Square Feet: | 4,367.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Subdivision Name: | Point Loma |
| Postal Code: | 92110 |
| Year Built: | 1965 |
| Number Of Units Total: | 3 |
| Association Fee Includes: | N/K |
| Basement: | false |
| Bathrooms Total Integer: | 5 |
| Building Area Total: | 2,150.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Construction Materials: | Stucco |
| Cooling: | N/K |
| Fencing: | Partial |
| Heating: | Wall/Gravity |
| Levels: | 1 Story |
| Living Area Units: | Sqft |
| Lot Size Units: | Acres |
| MLS Area Major: | Metro |
| Parcel Number: | 441-183-19-00 |
| Photos Change Timestamp: | 2026-10-22T17:43:49Z |
| Pool Features: | N/K |
| Roof: | Composition, Rolled/Hot Mop |
| Spa Features: | N/K |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories Total: | 1 |
| Utilities: | Sewer Connected |
| View: | Other/Remarks |
| Water Source: | Meter on Property |
| Zoning: | MULTI |
| Sdmls Neighborhood: | SPORTS ARENA |
| Building Name: | 3940 |
| Sdmls Area Zip: | OLD TOWN SD (92110) |
| Sdmls Lvt Date: | 2026-10-22 |
| Original List Price: | $1,495,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Community Features: | Laundry Facilities |
| Frontage Type: | N/K |
| Heat Source: | Natural Gas |
| Irrigation Source: | N/K |
| Possession: | Close of Escrow |
| Security Features: | N/K |
| Site: | Cul-De-Sac, Public Street, Sidewalks, West of I-5 |
| Telecommunications: | N/K |
| Tenant Pays: | Sewer, Water, Electricity, Hot Water |
| Listing Terms: | Cash, Conventional, Seller May Carry |
| Sdmls Unit Numfor Unit1: | 3938 |
| Sdmls Unit Numfor Unit2: | 3940 |
| Sdmls Unit Numfor Unit3: | 3942 |
| Pets Allowed: | Allowed w/Restrictions |
| Sdmls Internet Address: | 3938-42 La Salle Street |
| Operating Expense: | $10,000 |
| Jurisdiction: | Incorporated |
| Sdmls Unit1 Projected Rent: | 3,000 |
| Sdmls Unit2 Projected Rent: | 2,100 |
| Gross Scheduled Income: | $78,240 |
| Sdmls Gross Rent Multiplier Act: | 15 |
| Number Of Buildings: | 1 |
| Sdmls Max Search Price: | 1,495,000 |
| Sdmls Other Income Actual: | 20,340 |
| Sdmls Unit3 Projected Rent: | 3,000 |
| Sdmls Geo Update Timestamp: | 2026-10-22T17:43:49.3 |
| Sdmls Full Address: | 3938-42 La Salle Street |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260025464 |
| Sdmls Unit1 Full Baths: | 1.0 |
| Sdmls Unit2 Full Baths: | 1.0 |
| Sdmls Unit3 Full Baths: | 1.0 |
| Sdmls Unit1 Half Baths: | 1.0 |
| Sdmls Unit3 Half Baths: | 1.0 |
| Sdmls Unit1 Beds: | 2.0 |
| Sdmls Unit2 Beds: | 1.0 |
| Sdmls Unit3 Beds: | 2.0 |
| Sdmls Lot Size: | 4, 000-7, 499 SF |
| On Market Date: | 2026-10-22 |
Listing Courtesy of: Keller Williams San Diego Metro
Listing Agent: Salvatore Cefalu
858-243-4554
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.
© 2026 San Diego MLS.
San Diego MLS data last updated on October 22, 2026 11:48 PM - PT.
Property Last Updated: October 22, 2026 11:48 PM - PT
