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
35
Median Price
$699K
Avg Rent
$3,512/mo
Avg Cashflow
$-2,260/mo
Avg Cap Rate
0.8%
Avg CoC
-26.5%
P/R Ratio
20.4
Cashflow+ %
0%
Price Range
$345K
$2.1M
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 |
|---|---|---|---|---|
| 6809 Carthage 3bd / 2ba · 1,228 sqft | D 11 | $850K | $5,125 | $-270 |
| 4914 Zion Avenue 3bd / 2ba · 1,349 sqft | D 10 | $879K | $5,125 | $-455 |
| 5037 Waring Rd 3bd / 2ba · 1,097 sqft | D 8 | $850K | $4,562 | $-834 |
| 6865 Airoso Ave 3bd / 2ba · 1,530 sqft | D 7 | $1000K | $5,125 | $-1,223 |
| 5571 Adobe Falls Rd 3bd / 2ba · 1,368 sqft | D 6 | $699K | $4,246 | $-887 |
Stats are live from our database. Default assumptions: 20% down, 6.5% rate, 30yr. Rents estimated via proprietary model.