Two-Structure Flex
For Sale
$1,650,000
3946 La Salle St, San Diego, CA 92110
COMMERCIAL - San Diego, CA
Property Size2,550 SF
Price / SF$647.06
Days on Market15
Property Features for 3946 La Salle St
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Remarks
Subdivision
OLD TOWN SD (92110)
Standard status
Active
APN
441-183-14-00
Building Details
Year built
1947
Floors in Building
1
Number of units
2
Flooring type
Slab
Roof type
Composition
Listing Agency:
Keller Williams San Diego Metro · Keller Williams Realty
(619) 233-5935
Listed By:
Salvatore W Cefalu · License #01435914
(858) 243-4554
Added: Jul 17
Last Checked: Jul 31 at 5:06AM
MLS# 260017549
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two-structure commercial property offered for sale at 3946 La Salle St, San Diego, CA 92110. The front building provides street-facing space suitable for retail or office use. The rear portion includes a versatile open shop area designed to support a wide range of commercial or industrial uses.
The location is described as being on the edge of Point Loma, with Mission Beach, Ocean Beach, and Point Loma proper minutes away, and the Midway District within a short walk.
Overall, the property’s two-building layout separates the street-facing component from the open shop area, creating straightforward flexibility for businesses that benefit from both public frontage and an adaptable back-of-house space.
The location is described as being on the edge of Point Loma, with Mission Beach, Ocean Beach, and Point Loma proper minutes away, and the Midway District within a short walk.
Overall, the property’s two-building layout separates the street-facing component from the open shop area, creating straightforward flexibility for businesses that benefit from both public frontage and an adaptable back-of-house space.
Key Highlights
- Two‑structure commercial property built in 1947
- Front building: 750 SF street‑facing space suitable for retail or office use
- Rear building: 1,800 SF open shop area for flexible commercial or industrial uses
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $36.00 |
| − Vacancy | −$3.9k | −$1.52 |
| EGI | $87.9k | $34.48 |
| − OpEx | −$26.4k | −$10.35 |
| NOI | $61.6k | $24.14 |
2,550 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$879.4K
$769.4K – $1.03M
NOI $61,555 @ 7.0% cap · market cap 3.73%
Second Best
Flex RnD
$528.5K
$462.4K – $616.6K
NOI $36,995 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$1.01M
$881.3K – $1.18M
NOI $70,502 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92110, CA
31,048
Population
13,227
Households
2.3
Avg Household Size
34
Median Age
54%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
6,210
Density / Sq Mi
$102,508
Median Household Income
$52,150
Median Earnings
$2,298
Median Rent
$885,200
Median Home Value
Market
Vacancy Rate% for Industrial in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two-structure commercial property with a front street-facing space and a rear open shop area.
Where is this flex space located?
The property is located at 3946 La Salle St San Diego, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑structure commercial property built in 1947; Front building: 750 SF street‑facing space suitable for retail or office use; Rear building: 1,800 SF open shop area for flexible commercial or industrial uses
