Short term IMO as long the property could cash flow if needed, it is a super buy in Socal as far as I am concerned.
Also IMO (I will go out on a limb here), This winter 2009/10 season is probably going to be the last best chance to find a super deal in the LA/OC/SD region. After that it will become a lot harder (again just my Amateur opinion).
Either way SD/OC/LA will morph into one large super city within 25 years that is the one thing I am sure about, Believe it or not the SD/OC/LA population is still growing at a very rapid rate (with both domestic migration and a lot more immigration from Asia ” both legal and illegal immigration)