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
62
Median Price
$845K
Avg Rent
$4,006/mo
Avg Cashflow
$-2,775/mo
Avg Cap Rate
1.0%
Avg CoC
-25.3%
P/R Ratio
21.4
Cashflow+ %
0%
Price Range
$320K
$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 |
|---|---|---|---|---|
| 6665 Mission Gorge Rd 1bd / 1ba · 676 sqft | A 63 | $320K | $2,026 | $-329 |
| 5513 Adobe Falls 3bd / 2ba · 1,120 sqft | A 58 | $499K | $3,190 | $-488 |
| 5483 Adobe Falls 2bd / 2ba · 1,144 sqft | A 58 | $425K | $2,727 | $-471 |
| 5473 Adobe Falls Rd- 2bd / 1.5ba · 884 sqft | A 57 | $379K | $2,464 | $-452 |
| 6765 Alvarado Road 2bd / 2ba · 1,139 sqft | A 53 | $445K | $2,727 | $-623 |
Stats are live from our database. Default assumptions: 20% down, 6.5% rate, 30yr. Rents estimated via proprietary model.