Mission Valley is an extremely desirable community to call home if you are an upwardly-mobile single or young couple. With a great mall, restaurants, golf courses, and freeways, you have access to great entertainment and the main arteries that take your throughout San Diego. Most housing options are condominium developments with some single family homes, making this the perfect neighborhood to purchase your first home. Mission Valley is considered an entertainment hub, with a large outdoor mall that has plenty of shops, restaurants, department stores and a movie theatre. Also located in or adjacent to Mission Valley is Fashion Valley Mall and Hazard Center. With access to the Trolley, one of San Diego’s public transportation systems, Mission Valley is a fantastic area to call home.
Mission Valley is an extremely historic town in San Diego, as it is the site of the first Spanish settlement in California in 1769. The Presidio and Mission were originally located in the western portion of Mission Valley at what is now present day Old Town. In 1774 The Mission was moved to its present location where it still stands today in the east side of Mission Valley. The development of present day Mission Valley began with the building of the first hotel in hotel circle in 1953. The Mission Valley Center, what is now Westfield Mission Valley was originally built in 1964.
The best part about Mission Valley is its affordable housing options. The median housing price is $328,176 and the median rental price is $1,686, making this a great place for investors looking to rent out their property. Most of the properties in Mission Valley are renter occupied or occupied by young couples and upwardly-mobile singles. Residents range from college students, to active military personal, as well as residents in sales and lower management positions. Mission Valley’s residents are extremely eclectic, making this an active and interesting place to live or rent in San Diego. Mission Valley is not necessarily a neighborhood due to the high level of commercial and retail spaces. If you are looking for a “Leave It To Beaver” type neighborhood, look elsewhere. However, buyers looking to purchase their first place or investors looking for a great rental area will love all that Mission Valley has to offer. Mission Valley real estate appreciates in value slowly, although over the past year it has been a fairly steady increase, giving buyers and investors piece of mind that their real estate purchases are sound long-term investments.
Investors!!! This is one of the perfect investment locations in San Diego, with plenty of condos for sale at various prices and rents continuing to rise. If you are a first time investor or have several properties already, make sure you keep Mission Valley on your watch list.
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