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
For sale
$1,650,000
3938-42 La Salle St, San Diego, CA 92110
5beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$1,625,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 29 days |
- 244 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Salvatore W Cefalu DRE #01435914 858-243-4554,
Keller Williams San Diego Metro
Source: SDMLS,MLS#: 260017545
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Wall/Gravity
Cooling
- N/K
Interior area
- Total structure area: 2,150
Property
Features
- Levels: 1 Story
- Pool features: N/K
- Spa features: N/K
- Fencing: Partial
- Has view: Yes
- View description: Other/Remarks
- Frontage type: N/K
Lot
- Size: 4,367 Square Feet
Details
- Parcel number: 4411831900
- Zoning: MULTI
- Zoning description: MULTI
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition,Rolled/Hot Mop
Condition
- Year built: 1965
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & HOA
Community
- Features: Laundry Facilities
- Security: N/K
- Subdivision: POINT LOMA
HOA
- Services included: N/K
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $468,933
- Annual tax amount: $6,434
- Date on market: 7/17/2026
- Listing terms: Cash,Conventional,Seller May Carry
- Tenant pays: Sewer, Water, Electricity, Hot Water
Estimated market value
$1,625,900
$1.54M - $1.71M
$3,894/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $1,650,000 |
Source:  SDMLS #260017545 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,434 +13.1% | $468,933 +2% |
| 2024 | $5,687 +2.3% | $459,739 +2% |
| 2023 | $5,561 +2.7% | $450,725 +2% |
| 2022 | $5,413 +0.7% | $441,889 +2% |
| 2021 | $5,376 +1.2% | $433,226 +1% |
| 2020 | $5,311 +2.6% | $428,785 +2% |
| 2019 | $5,179 +6.2% | $420,378 +2% |
| 2018 | $4,878 +2.4% | $412,136 +2% |
| 2017 | $4,762 +1.7% | $404,056 +2% |
| 2016 | $4,684 +1.5% | $396,134 +1.5% |
| 2015 | $4,616 +1.6% | $390,184 +2% |
| 2014 | $4,544 | $382,542 +0.5% |
| 2013 | -- | $380,815 +2% |
| 2012 | -- | $373,349 +2% |
| 2011 | -- | $366,030 +0.8% |
| 2010 | -- | $363,295 -0.2% |
| 2009 | -- | $364,159 +2% |
| 2008 | -- | $357,020 +2% |
| 2007 | -- | $350,021 +2% |
| 2006 | -- | $343,159 +2% |
| 2005 | -- | $336,431 +2% |
| 2004 | -- | $329,835 +1.9% |
| 2003 | -- | $323,790 +2% |
| 2002 | -- | $317,442 +2% |
| 2001 | -- | $311,219 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Midway District
Nearby schools
GreatSchools rating
- 6/10Dewey Elementary SchoolGrades: K-4Distance: 1 mi
- 6/10Correia Middle SchoolGrades: 7-8Distance: 0.9 mi
- 9/10Point Loma High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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