I finally sold a 3 unit property in Hillcrest last year after owning for 12 years. I 1031ed the $500k capital gain into commercial real-estate thru Triple-Net. I felt San Diego real estate was at the peak and will only go down in the coming years. I receive a 7% return on the investment with none of the hassles of being a landlord. I may get back into rental units in San Diego when prices have fallen to a more sensible level in 2 or 3 years from now.
Irish
