1315 Morena Blvd
San Diego, CA, 92110 $ 3,399,000
Bedrooms4 Baths4.0 Monthly Estimate*
$ 20,928
for $3,399,000 with 4 bedrooms and 4 full baths. This home was built in 1950 on a lot size of 0.146625.
Introducing a fully reimagined 12-unit apartment community in the heart of Bay Park — one of San Diego’s most walkable, lifestyle-driven coastal neighborhoods. Just blocks from Mission Bay and surrounded by beloved local dining and gathering spots, this property offers residents an authentic Bay Park lifestyle with exceptional everyday convenience. The community consists of 3 studios, 8 one-bedroom/one-bath units, and 1 two-bedroom/two-bath unit, all thoughtfully modernized as part of a comprehensive, city-permitted down-to-the-studs renovation. Capital improvements include a new fire sprinkler system, all-new plumbing and electrical systems, new drywall and insulation throughout, secured gated access, and off-street parking — delivering new-construction quality within an established coastal neighborhood setting. Each residence features modern finishes and upgraded interiors, creating strong tenant appeal and a high-quality, low-maintenance investment with stabilized rental income already in place. Location is a defining feature. Situated in the vibrant core of Bay Park, residents can walk to neighborhood favorites including Cordova (next door), Sardina’s Italian, Sidecar (directly across the street), Luce, Bay Park Fish Company, Seisel’s Meat Market, and Tio Leo’s. The property is minutes from the Tecolote Trolley Station, major bus routes, Interstate 5, University of San Diego, Old Town, Fashion Valley, San Diego International Airport, Mission Bay, Fiesta Island, and Tecolote Park, placing recreation, employment centers, and transportation hubs within easy reach.
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FeaturesGeneralCooling N/K
Roof Composition
Zoning COMMERCIAL
Security Features Gated Community
Construction Materials Wood/Stucco
Year Built 1950
Tenant Pays Trash Water Electricity Gas/Propane
Levels 2 Story
Property Subtype Res Income 2-4 Units
Building Name San Diego
County San Diego
Operating Expense 96456.0
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name SAN DIEGO
Full Baths 4
Status ACTIVE
Directions Use GPS
City San Diego
Senior Community Y/N N
Number Of Units Total 12
MLS Area Metro
Lot Size Units Acres
Lot Size Square Feet 6387.0
Property Attached Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/snd/260009540
Building Area Units Sqft
Living Area Units Sqft
Standard Status Active
Cap Rate 5.0
Freehold IDX
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ExteriorFencing N/K
Lot Size Area 0.15
Number of Buildings 1
Building Area Total 0.0
Waterfront Y/N N
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InteriorTotal Stories 2
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 4
Total Baths 4
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $20,928
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,170,248
Percent of Sale Price 36%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
281193 Elementary School
281006 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/22/2026 | $3,399,000 | | Listed Price |