Morena Real Estate

Welcome to the vibrant neighborhood of Morena, nestled in the heart of Old Town, San Diego, California. This charming community offers the perfect blend of urban convenience and coastal charm, making it a sought-after location for homebuyers.

Morena is known for its diverse array of amenities, including trendy restaurants, boutique shops, and beautiful parks. Residents can enjoy easy access to the scenic Morena Boulevard, which offers stunning views of the San Diego Bay and downtown skyline.

Families are drawn to Morena for its top-rated schools and family-friendly atmosphere. The neighborhood boasts a strong sense of community, with regular events and activities for residents of all ages to enjoy.

With its convenient location near major freeways and public transportation options, Morena is a commuter's dream. Whether you're heading to work in downtown San Diego or exploring the nearby beaches, getting around from Morena is a breeze.

If you're looking for a neighborhood that offers the perfect mix of urban excitement and coastal relaxation, look no further than Morena. Come discover all that this vibrant community has to offer and find your dream home in this thriving Old Town neighborhood.

Newest Listings in Morena

$1,150,000

3 Beds ⋅ 1 Baths ⋅ 260015493 MLS ⋅ ACTIVE Status

Prime infill development opportunity blocks from USD. This RM-3-7 lot sits in a Sustainable Development Area and qualifies for the City’s Complete Communities Housing Solutions program, with preliminary plans submitted to the City for up to 23 units. Rear alley access opens up parking and site design flexibility that street-only lots can’t match. Add the program’s FAR and density bonuses, plus a ministerial path that can avoid discretionary review, and this is a rare entitlement play in a transit-served pocket of Linda Vista. Walk to a Trolley stop under a mile away, with quick access to Mission Bay, the beaches, Riverwalk Golf Club, Fashion Valley, and UTC. The existing mid-century home features original wood flooring, open beam ceilings, and wood-cased windows with strong natural light from its southern exposure, ideal income while you entitle.

5858 Riley St, Old Town

$1,595,000

4 Beds ⋅ 4 Baths ⋅ 260014837 MLS ⋅ ACTIVE Status ⋅ Na BLDG.

Well-maintained 4-unit property in San Diego's desirable Morena neighborhood. The property is occupied by long-term tenants in month to month contracts and provides stable in-place income from day one. Value add opportunity in renovating the units. The building has a good roof, one assigned on-site parking space for each unit, and a layout that is easy to manage. Parking is a valuable amenity in this area and helps support tenant retention or could be an ADU opportunity. Located just minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, and major employment centers, the property benefits from strong and consistent rental demand. Easy access to I-5, I-8, nearby trolley stations, and San Diego International Airport makes the location convenient for a wide range of tenants. This is an opportunity to acquire a stabilized asset in a central San Diego location with immediate cash flow and long-term upside through continued improvements and rent growth.

5707 Mildred St, Old Town

$1,750,000

9 Beds ⋅ 5 Baths ⋅ PTP2603261 MLS ⋅ ACTIVE Status

Rare opportunity directly across from the main entrance of the University of San Diego. The unit mix features two 2 bedroom / 1 bath units, one 3 bedroom / 1 bath, and one standout 2 bedroom / 2 bath owner's suite with hardwood floors, a private balcony, and exclusive access to a rooftop deck with sweeping views, ideal for an owner occupant looking to live in one and rent the others. Units are larger than typical vintage stock in the area, with five on-site parking spaces, common-area laundry, and a separate storage room. CC-3-4 zoning with a 4.0 FAR adds meaningful long-term flexibility for ADU addition or future density. Located in the heart of Morena, the property is minutes from Downtown, Mission Bay, Old Town, and Fashion Valley, with walkability to the Morena/Linda Vista Trolley station and Tecolote Canyon trails. A clean, turnkey asset with a built-in tenant pipeline from USD, local hospitals, and Downtown employment, well suited for an owner occupant, 1031 buyer, or local investor. Rare opportunity directly across from the main entrance of the University of San Diego. The unit mix features two 2 bedroom / 1 bath units, one 3 bedroom / 1 bath, and one standout 2 bedroom / 2 bath owner's suite with hardwood floors, a private balcony, and exclusive access to a rooftop deck with sweeping views, ideal for an owner occupant looking to live in one and rent the others. Units are larger than typical vintage stock in the area, with five on-site parking spaces, common-area laundry, and a separate storage room. CC-3-4 zoning with a 4.0 FAR adds meaningful long-term flexibility for ADU addition or future density. Located in the heart of Morena, the property is minutes from Downtown, Mission Bay, Old Town, and Fashion Valley, with walkability to the Morena/Linda Vista Trolley station and Tecolote Canyon trails. A clean, turnkey asset with a built-in tenant pipeline from USD, local hospitals, and Downtown employment, well suited for an owner occupant, 1031 buyer, or local investor.

5445 Mildred St, Old Town

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