Old Town / Morena
92110 · San Diego
Old Town San Diego, the University of San Diego (USD), the Morena Boulevard corridor, and Bay Park. A diverse housing mix from historic homes to midcentury near USD to newer condos along I-5, with the planned Sports Arena/Midway redevelopment on the western edge.
Active Listings
58
Median Price
$667K
Avg Rent
$3,894/mo
Avg Cashflow
$-3,159/mo
Avg Cap Rate
0.9%
Avg CoC
-25.9%
P/R Ratio
22.4
Cashflow+ %
0%
Price Range
Highlights
- ✓University of San Diego drives steady student and faculty demand
- ✓Old Town Trolley station and Old Town State Historic Park
- ✓Morena Boulevard and Bay Park near Mission Bay amenities
- ✓Sports Arena/Midway redevelopment is a long-term upside catalyst
Investor Notes
- ◈USD-adjacent properties have strong by-the-room rental potential
- ◈Mid-range price point compared to Mission Hills (92103) and PB (92109)
- ◈Sports Arena redevelopment timeline is multi-year — watch for entitlements
- ◈Bay Park views command premiums — verify view protections before paying up
Demographics
Vibe
Mixed urban, university-adjacent
Median Income
~$95K
Top Employers
University of San Diego, healthcare, hospitality, military
Top 5 Listings by Score
| Address | Score | Price | Est. Rent | CF/mo |
|---|---|---|---|---|
| 5865 Friars Rd 1bd / 1ba · 816 sqft | A 61 | $499K | $3,200 | $-421 |
| 3050 Rue D' Orleans ?bd / 1ba · 415 sqft | A 58 | $389K | $2,529 | $-435 |
| 3050 Rue Dorleans ?bd / 1ba · 415 sqft | A 57 | $385K | $2,503 | $-451 |
| 3063 Barnard St 1bd / 1ba · 877 sqft | A 55 | $499K | $3,200 | $-568 |
| 3050 Rue Dorleans 1bd / 1ba · 547 sqft | A 54 | $395K | $2,474 | $-543 |
Stats are live from our database. Default assumptions: 20% down, 6.5% rate, 30yr. Rents estimated via proprietary model.