Mixed-Use 3-Unit
3914 Adams Ave San Diego, CA 92116
3914 Adams Ave, San Diego, CA, 92116
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For Sale
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Three-unit mixed-use building with a renovated commercial space, two apartments, and eight off-street parking spaces.
Property Size2,759 SF
Price / SF$543.68
Days on Market68
Property Features for 3914 Adams Ave
General Information
- Standard status
- Active
- Size
- 2,759 SF
- Property subtype
- Multifamily
Listing agency
Apartment Realty Group (ARG)
Listed by
Caleb Mancini · License #02253641
Source
Crexi
Added: May 16 Updated: Jul 21 at 3:36PM Checked: Jul 21 at 3:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Realty Group (ARG)
Investment Insights
Based on property information with market context.
This mixed-use 3-unit property includes one (1) large renovated commercial space and two residential units: one 2BD/1BA apartment and one 1BD/1BA apartment. The setup is supported by eight (8) off-street parking spaces and a detached 2-car garage. The garage also presents the possibility of a future ADU conversion, subject to applicable requirements.
Located at 3914 Adams Ave in San Diego’s Normal Heights area, the property is positioned within a neighborhood retail and entertainment setting.
The current configuration provides both commercial and residential income streams within a single building, with the detached garage offering an additional avenue to expand living space through a potential ADU conversion.
Located at 3914 Adams Ave in San Diego’s Normal Heights area, the property is positioned within a neighborhood retail and entertainment setting.
The current configuration provides both commercial and residential income streams within a single building, with the detached garage offering an additional avenue to expand living space through a potential ADU conversion.
Key Highlights
- Three‑unit mixed‑use building with 1 renovated commercial space and 2 residential units
- Two apartments included: one 2BD/1BA and one 1BD/1BA
- Includes 8 off‑street parking spaces plus a detached 2‑car garage
Local 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 | $99.3k | $36.00 |
| − Vacancy | −$4.2k | −$1.52 |
| EGI | $95.1k | $34.48 |
| − OpEx | −$28.5k | −$10.35 |
| NOI | $66.6k | $24.14 |
2,759 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$951.4K
$832.5K – $1.11M
NOI $66,600 @ 7.0% cap · market cap 4.44%
Second Best
Multifamily LT 5
$706.0K
$617.8K – $823.7K
NOI $49,423 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$1.09M
$953.5K – $1.27M
NOI $76,281 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit mixed-use building with a renovated commercial space, two apartments, and eight off-street parking spaces.
Where is this triplex located?
The property is located at 3914 Adams Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with 1 renovated commercial space and 2 residential units; Two apartments included: one 2BD/1BA and one 1BD/1BA; Includes 8 off‑street parking spaces plus a detached 2‑car garage
