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
61
Median Price
$699K
Avg Rent
$4,046/mo
Avg Cashflow
$-3,811/mo
Avg Cap Rate
0.9%
Avg CoC
-28.3%
P/R Ratio
23.0
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 |
|---|---|---|---|---|
| 3050 Rue D'orleans 1bd / 1ba · 550 sqft | A 74 | $375K | $2,306 | $-231 |
| 5895 Friars Rd 1bd / 1.5ba · 959 sqft | A 60 | $435K | $2,960 | $-494 |
| 5949 Mildred 2bd / 1.5ba · 874 sqft | A 57 | $425K | $2,934 | $-541 |
| 5805 Friars 1bd / 1.5ba · 959 sqft | A 56 | $460K | $2,928 | $-634 |
| 5757 Gaines Street 1bd / 1.5ba · 700 sqft | A 53 | $425K | $2,433 | $-742 |
Stats are live from our database. Default assumptions: 20% down, 7.28% rate, 30yr. Rents estimated via proprietary model.