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
73
Median Price
$999K
Avg Rent
$4,218/mo
Avg Cashflow
$-3,175/mo
Avg Cap Rate
1.2%
Avg CoC
-27.6%
P/R Ratio
20.6
Cashflow+ %
0%
Price Range
$300K
$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 |
|---|---|---|---|---|
| 5473 Adobe Falls Rd- 2bd / 1.5ba · 884 sqft | A 60 | $379K | $2,642 | $-484 |
| 6665 Mission Gorge Road 1bd / 1ba · 676 sqft | A 58 | $340K | $2,118 | $-553 |
| 6765 Alvarado Road 2bd / 2ba · 1,139 sqft | A 56 | $429K | $2,864 | $-622 |
| 6955 Alvarado Rd 2bd / 2ba · 879 sqft | A 54 | $413K | $2,842 | $-643 |
| 6811 Alvarado Rd 2bd / 2ba · 1,139 sqft | A 54 | $425K | $2,781 | $-677 |
Stats are live from our database. Default assumptions: 20% down, 7.53% rate, 30yr. Rents estimated via proprietary model.