Mission Valley 92108: Cap Rate, GRM & Cashflow
92108 · San Diego · Updated
Mission Valley: a high-density, transit-oriented urban core anchored by Fashion Valley and Westfield Mission Valley, redeveloped from former industrial and golf sites into condo towers and townhomes.
Active Listings
113
Median Price
$515K
Avg Rent
$3,246/mo
Avg Cashflow
-$1,756/mo
Avg Cap Rate
1.6%
Avg CoC
-27.3%
GRM (P/R Ratio)
16.8
Cashflow+ %
0%
Price Range
Highlights
- ✓Three SD Trolley stations connect to downtown and SDSU
- ✓Fashion Valley and Westfield malls for retail and dining
- ✓Snapdragon Stadium and the SDSU Mission Valley campus
By the numbers
From today's 113 active listings; default assumptions: 20% down, 7.49% rate, 30yr.
- ◈Median asking price $515,000 (113 listings), 46% below the San Diego market median of $960,000 (4,181 listings).
- ◈Median asking price by type: houses $1,004,500 (6 listings); condos and townhomes $500,000 (107 listings).
- ◈Median $575 per square foot (113 listings with square footage), 10% below the San Diego market's $636.
- ◈Among the 112 listings with HOA dues, the median is $532/mo, 12% above the San Diego market's $473/mo.
- ◈Median year built 1979 across 113 listings: 54% built before 1980, 26% in 2000 or later (the San Diego market: median 1987, 38% before 1980, 33% in 2000 or later).
- ◈Of 113 active listings, 107 (95%) are condos or townhomes.
- ◈None of the 113 listings shows positive full cashflow at the default assumptions, and none of the 4,181 listings across the San Diego market.
- ◈Median estimated rent $2,900/mo (113 listings), 32% below the San Diego market's $4,272/mo.
- ◈Closed 3-bedroom leases in the last 12 months: median $4,650/mo (18 leases), vs $4,298/mo across San Diego County (1,247 leases).
Demographics
Vibe
Transit-oriented, young professional
Top Employers
Sharp Healthcare, Fashion Valley retail, tech, SDSU
Top 5 Listings by Score
| Address | Score | Price | Est. Rent | CF/mo |
|---|---|---|---|---|
| 8005 Caminito De Pizza #F 2bd / 1.5ba · 1,008 sqft | A 74 | $375K | $3,025 | -$30 |
| 1621 Hotel Circle #E215 1bd / 1ba · 700 sqft | A 71 | $330K | $2,454 | -$296 |
| 7932 Mission Center #D Studio / 1ba · 506 sqft | A 66 | $290K | $1,987 | -$393 |
| 1625 Hotel 1bd / 1ba · 700 sqft | A 65 | $385K | $2,432 | -$525 |
| 1337 Caminito Gabaldon #H Studio / 1ba · 506 sqft | A 62 | $280K | $1,960 | -$452 |
92108 cap rate and rent multiplier: common questions
- What is the cap rate in 92108 (Mission Valley)?
- Across 113 active listings in 92108 as of November 2, 2026, at our default assumptions (20% down, 7.49% rate, 30yr), the median modeled cap rate is 1.5% and the average is 1.6%. These are estimates built from rent estimates and standard operating expenses, not a measured market cap rate. Net operating income deducts 8% vacancy, 10% management, tax, insurance, HOA and 1% of price a year for upkeep (the CapEx reserve is not deducted), so it runs conservative, most of all on expensive homes.
- What is the gross rent multiplier in 92108?
- The average active listing in 92108 is priced at 16.8 times its estimated annual rent (average price $652,824, average estimated rent $3,246 a month as of November 2, 2026). That ratio is the gross rent multiplier, also called the price-to-rent ratio.
- Do rental properties in 92108 cash flow?
- 0 of 113 active listings in 92108 show non-negative monthly cashflow at our default assumptions (20% down, 7.49% rate, 30yr); the average is -$1,756 a month as of November 2, 2026. Cashflow depends on your own down payment, rate and expenses.
Comparing areas? See the San Diego real estate investing guide for county medians, DSCR and short-term rental rules.
Stats are computed from today's active listings. Default assumptions: 20% down, 7.49% rate, 30yr. Rents are estimated from closed MLS leases of comparable homes nearby.