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
65
Median Price
$750K
Avg Rent
$3,939/mo
Avg Cashflow
$-2,980/mo
Avg Cap Rate
0.8%
Avg CoC
-26.3%
P/R Ratio
21.7
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 |
|---|---|---|---|---|
| 6416 Friars Road 1bd / 1ba · 661 sqft | A 54 | $349K | $2,182 | $-516 |
| 1092 Fresno St 1bd / 1ba · 640 sqft | A 52 | $429K | $2,352 | $-698 |
| 1806 Mckee St 3bd / 2ba · 1,362 sqft | A 52 | $750K | $4,659 | $-702 |
| 3140 Midway Dr. 2bd / 2ba · 760 sqft | A 49 | $458K | $2,558 | $-777 |
| 4265 Asher St 2bd / 2ba · 1,102 sqft | A 49 | $599K | $3,536 | $-812 |
Stats are live from our database. Default assumptions: 20% down, 6.5% rate, 30yr. Rents estimated via proprietary model.