Coastal condos are not coming down quickly but they have come down some depending on where in the county you are considering. Getting something within walking distance without any view may help you out some but again, I am not sure if the depreciation you are hoping for has happened yet.
If you are thinking about Carlsbad and perhaps Oceanside and can be happy with something very modest and an older building then you may be able to find something in your price range depending on your timetable and assuming a small condo.
The longer you can wait, the better. It all depends on your timetable.