I can see why it is so much, right off the 5 and next to Del Mar and UCSD.
Still, the rent per sq foot is 50% more than I rent my OB condo with a full ocean view and 1 block walk from the beach.
I can’t complain about the price appreciation here, but rent growth has made us go from one of the more expensive parts of San Diego around 2005 to basically in line with inner suburbs and parts of SD with lower rated schools (OB Elementary is a 9/10 and the 10/10 Silvergate is walking distance too.)
I’d like to see Sports Arena, the old postal complex, and Qualcomm stadium all become big tech campuses. Rent growth for us “Southerner” landlords along the 8!