Allied Gardens / Del Cerro
92120 · San Diego
Allied Gardens, Del Cerro, and San Carlos — established east San Diego neighborhoods near SDSU. Family-friendly with good schools, mid-range pricing, and consistent rental demand from students and families.
Active Listings
54
Median Price
$840K
Avg Rent
$3,970/mo
Avg Cashflow
$-3,279/mo
Avg Cap Rate
0.9%
Avg CoC
-25.8%
P/R Ratio
23.1
Cashflow+ %
0%
Price Range
$345K
$4.4M
Highlights
- ✓SDSU proximity drives student and faculty rental demand
- ✓Lake Murray provides recreation and scenic views
- ✓Navajo community — strong schools and family-oriented
- ✓Mission Trails Regional Park offers 60+ miles of hiking
Investor Notes
- ◈100% rent data coverage — highest confidence estimates
- ◈SDSU student housing is an underexploited niche in this zip
- ◈Moderate prices with strong fundamentals — good first-time investor area
- ◈Older housing stock but well-maintained family neighborhoods
Demographics
Vibe
Family-friendly, university-adjacent
Median Income
~$85K
Top Employers
SDSU, healthcare, Caltrans, education
Top 5 Listings by Score
| Address | Score | Price | Est. Rent | CF/mo |
|---|---|---|---|---|
| 6821 Alvarado Road 2bd / 1.5ba · 1,120 sqft | A 55 | $420K | $2,646 | $-544 |
| 5432 Adobe Falls Rd 2bd / 1.5ba · 884 sqft | A 54 | $400K | $2,490 | $-549 |
| 6725 Mission Gorge Rd 1bd / 1ba · 662 sqft | A 52 | $350K | $2,109 | $-573 |
| 5553 Adobe Falls Road 2bd / 2ba · 1,144 sqft | A 50 | $479K | $2,837 | $-714 |
| 6955 Alvarado Rd 2bd / 2ba · 879 sqft | A 46 | $443K | $2,679 | $-768 |
Stats are live from our database. Default assumptions: 20% down, 6.5% rate, 30yr. Rents estimated via proprietary model.