Clairemont 92117: Cap Rate, GRM & Cashflow
92117 · San Diego · Updated
Clairemont: a large, centrally located neighborhood of post-war suburban homes near Mission Bay.
Active Listings
79
Median Price
$1.08M
Avg Rent
$4,544/mo
Avg Cashflow
-$3,000/mo
Avg Cap Rate
1.5%
Avg CoC
-27.4%
GRM (P/R Ratio)
19.8
Cashflow+ %
0%
Price Range
Highlights
- ✓Central location between Pacific Beach, downtown, and North County
- ✓Tecolote Canyon Natural Park provides green space
- ✓Bay Park sub-area along Morena Blvd, with new development near the trolley
By the numbers
From today's 79 active listings; default assumptions: 20% down, 7.43% rate, 30yr.
- ◈Median asking price $1,079,000 (79 listings), 12% above the San Diego market median of $967,000 (4,242 listings).
- ◈Median asking price by type: houses $1,200,000 (53 listings); condos and townhomes $509,950 (24 listings).
- ◈Median $764 per square foot (79 listings with square footage), 20% above the San Diego market's $635.
- ◈Among the 26 listings with HOA dues, the median is $581/mo, 23% above the San Diego market's $472/mo.
- ◈Median year built 1963 across 79 listings: 76% built before 1980, 6% in 2000 or later (the San Diego market: median 1987, 37% before 1980, 33% in 2000 or later).
- ◈Of 79 active listings, 24 (30%) are condos or townhomes.
- ◈None of the 79 listings shows positive full cashflow at the default assumptions, and none of the 4,242 listings across the San Diego market.
- ◈Median estimated rent $4,290/mo (79 listings), about the same as the San Diego market's $4,291/mo.
- ◈Closed 3-bedroom leases in the last 12 months: median $4,300/mo (26 leases), vs $4,295/mo across San Diego County (1,233 leases).
Demographics
Vibe
Classic suburban, centrally located
Top Employers
Military (MCRD, NTC), healthcare, tech, retail
Top 5 Listings by Score
| Address | Score | Price | Est. Rent | CF/mo |
|---|---|---|---|---|
| 4855 Cole Street 2bd / 1.5ba · 874 sqft | A 70 | $410K | $2,902 | -$306 |
| 4885 Cole #38 2bd / 1.5ba · 784 sqft | A 65 | $399K | $2,761 | -$471 |
| 4851 Cole St. #9 2bd / 1.5ba · 896 sqft | A 64 | $445K | $2,879 | -$543 |
| 4060 Huerfano Avenue Studio / 1ba · 425 sqft | A 54 | $280K | $2,004 | -$573 |
| 6750 Beadnell #17 1bd / 1ba · 605 sqft | A 54 | $359K | $2,159 | -$719 |
92117 cap rate and rent multiplier: common questions
- What is the cap rate in 92117 (Clairemont)?
- Across 79 active listings in 92117 as of November 7, 2026, at our default assumptions (20% down, 7.43% rate, 30yr), the median modeled cap rate is 1.4% and the average is 1.5%. 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 92117?
- The average active listing in 92117 is priced at 19.8 times its estimated annual rent (average price $1,076,967, average estimated rent $4,544 a month as of November 7, 2026). That ratio is the gross rent multiplier, also called the price-to-rent ratio.
- Do rental properties in 92117 cash flow?
- 0 of 79 active listings in 92117 show non-negative monthly cashflow at our default assumptions (20% down, 7.43% rate, 30yr); the average is -$3,000 a month as of November 7, 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, 7.43% rate, 30yr. Rents are estimated from closed MLS leases of comparable homes nearby.