BG, spdrun said he has a 1/1 in a decent area getting 7.5% cap rate. flu’s just wondering where this secret spot is. I said it’s not where he’d consider decent but I obviously was wrong since flu does think southeast SD is decent.[/quote]
There are very few condos (if any) in SE SD (92114). There is at least one complex in 92113 which are actually condos that I know of. There are a few older complexes of condos/PUDs in 92139. In all three zips, there very, very few 1 br condos … if any.
In any case, I haven’t checked but don’t think ANY of these units would be currently listed for the ~$100K price range. If they are, they would be SS’s.
Spring Valley (91977) MAY still have some units left in the $100K price range … but IIRC, there VERY few 1 br condos there, as well.
It may be still possible to find a 1 br condo in 92105 for ~$100K. But this isn’t technically “SE SD.” It is metro SD.
