[quote=FlyerInHi] . . . Now show me what else you can buy in the other areas of San Diego you suggested, for $350k, and rents for $1,800 . . . [/quote]
Flyer, I could (seriously) go all over the county but will begin this exercise in my own backyard (10 mi south of dtn SD) for rental SFRs since I couldn’t find any active SFR listings in 92104 and 92116 which weren’t situated on substandard lots. Okay, maybe I found ONE but the house was very, very small. I haven’t checked out 92115 yet.
Bear in mind that most of the current listings below are priced under or well under $350K and these areas are all safe, clean, walkable and close to all.
***
Short sale near dtn Chula Vista on large lot w/rear garage apt (granny flat). On the market longer than a year so lender must not be playing ball … or something wrong with the house … I’m guessing granny flat is not permitted, at a minimum. Lot is perfectly flat so that is not the issue.
Nice flipped small house on nice-sized lot in dtn Chula Vista – will EASILY rent for $1550 to $1600 LONG TERM. Zoned for professional office or up to 4 units.
Well-maintained property on large lot in dtn Chula Vista (same neighborhood as above listing). Oversized lot and 1.5 car garage. Will EASILY rent for $1650 to $1800 LONG TERM.
Nice flipped house on large lot with substandard garage (I doubt a car bigger than a Miata will fit in there). Same neighborhood as the above listings.
I left out any listings with Mello-Roos, swimming pools, heavy fixers, those with high noise levels or on busy streets and SS's priced near $400K that will sell for >$400K, etc. Most of the above are ready to move into NOW with little or no tenant prep or major expense. Last time I looked (abt 9-10 mos ago) rents were $1550 to $1850 for these size houses (perhaps up to $2K mo for the larger ones).
Of course, all of these listings would attract families as rentals and the ones located dtn will also attract professional singles and couples as tenants.
All but two are on one or more bus lines and most tenants like to have this option.
I’ll post more listing links for prospective investment SFRs in other close-in areas later.