“In SD, you’re limited to along University Ave, El Cajon Blvd, La Mesa, Grantville (which will get redeveloped).”
They will get redeveloped?? Really? When? How? That seems like an unneeded risk (hope/wish) to assume on property that won’t cash flow.
Might as well buy stock on the hopes of a takeover. Buying property like this requires inside info so you know what/when/how its going to happen then find a seller who knows nothing.
Otherwise its redevelopment potential is already priced in.
This isn’t risk, its betting/gambling. Best of luck.