Two-Structure Flex
3946 La Salle St San Diego, CA 92110
New
3946 La Salle St, San Diego, CA, 92110
$1,650,000
For Sale
$1,650,000
COMMERCIAL - San Diego, CA
Property Size2,550 SF
Price / SF$647.06
Days on Market1
Property Features for 3946 La Salle St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
(619) 233-5935
1660 Hotel Circle N Ste 205, San Diego, CA
Listed by
Salvatore W Cefalu · License #01435914
(858) 243-4554
Added: Jul 17 Checked: Jul 17 at 5:06 pm
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
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Monitor Marine Inc
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Kona Ice - Reservations and Bookings — 3960 W Point Loma Blvd Suite H115, San Diego, CA 92110
- Kona Kakes Tropical Cake Bakery — 3960 W Point Loma Blvd Ste. G, San Diego, CA 92110
- Progressive Pours — 3050 rue d’orleans suite 243, san diego, ca 92110
- Epic Catering — 4430 Montalvo St, San Diego, CA 92107
- Next weekend bar and events — 2788 Worden St, San Diego, CA 92110
FAQs
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
