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$1,650,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 5 hours ago
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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

Full Property Details for 3938-42 La Salle St

General

  • Price: $1,650,000
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 260017545
  • Updated: Today (7/17/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Shared Amenities: Laundry Facilities
  • Pool: Yes

Location

  • Area: OLD TOWN SD (92110)
  • County: San Diego
  • Subdivision: POINT LOMA
  • Neighborhood: SPORTS ARENA
  • Complex: 3940

Community

  • Assoc. Fees Include: N/K
  • Pets Allowed: Yes

Heating & Cooling

  • Heating Type: Wall/Gravity
  • Heating Fuel: Natural Gas

Utilities

  • Water: Meter on Property
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Stucco
  • Roof: Composition, Rolled/Hot Mop
  • Stories/Levels: 1
  • Square Feet: 2,150
  • Year Built: 1965

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Other/Remarks
  • Lot Size (Sq. Ft.): 4,367
  • Zoning: MULTI
  • Fencing (Description): Partial

Financial Considerations

  • Operating Expenses: $10,000
  • Terms: Cash, Conventional, Seller May Carry
  • Tenant Pays: Sewer, Water, Electricity, Hot Water

Disclosures and Reports

  • Property ID: 441-183-19-00

Listed by Keller Williams San Diego Metro (619) 233-5935, Salvatore W Cefalu

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Listing agent

— 3938-42 La Salle St —

  • Salvatore W Cefalu

    Keller Williams San Diego Metro

salvatorecefalu@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3938-42 La Salle St

School District:San Diego City Unified School District
NameGradesDistance
Dewey Elementary School
3251 Rosecrans Street, San Diego, CA 92110
K-40.8 mi
Correia Middle School
4302 Valeta St., San Diego, CA 92107
7-80.9 mi
Point Loma High School
2335 Chatsworth Boulevard, San Diego, CA 92106
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3938-42 La Salle St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/17/2026
Listed
$1,650,000
233.33%
MLS
10/19/1990
Sold
$495,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3938-42 La Salle St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,434
16%
$468,933
4%
2023
$5,561
3%
$450,725
2%
2022
$5,413
1%
$441,889
2%
2021
$5,376
1%
$433,226
1%
2020
$5,311
2%
$428,785
2%
2019
$5,217
7%
$420,378
2%
2018
$4,878
2%
$412,136
2%
2017
$4,762
2%
$404,056
2%
2016
$4,684
1%
$396,134
2%
2015
$4,616
2%
$390,184
2%
2014
$4,544
—
$382,542
—
2013
$4,538
—
$380,815
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 3938-42 La Salle St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams San Diego Metro (619) 233-5935, Salvatore W Cefalu

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3938-42 La Salle Street, San Diego, CA 92110 (MLS# 260017545) is a Multi-Family property with 3 units containing 5 bedrooms, 3 full bathrooms and 2 partial bathrooms. 3938-42 La Salle Street is currently listed for $1,650,000 and was received on July 17, 2026. Want to learn more about 3938-42 La Salle Street? Do you have questions about finding other Multi-Family real estate for sale in Point Loma? You can browse all Point Loma real estate or contact a Coldwell Banker agent to request more information.

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