[quote=sdrealtor]I could see some real fixer 3/2 and 2/2 homes going under 250 but a property as nice as the one you linked to wont get anywhere near 440K. too many well paid people working in Sorrento Valley who would jump all over that far before that price level.[/quote]
I expect fixer 3/2 and 2/2 to be around $200k, since they were going for low to mid $400k at peak. $500k-$550k at peak will get a very decent 4/2 in the better part of MM. 4/3 2000sq-ft in SW MM were going for low 600k and currently rent for ~$2400. If I can pick one up for low $300k, that would be very sweet too.
That SV house rents for about $3000-3200 right now, so, $440k would yield a decent return w/ today’s rate as well.
