Only a small fraction of the homes in Point Loma, OB and PB actually have decent ocean views and such. I walked around Point Loma last night and yeah it is centrally located and such but only like 1/10 of the homes were half way decent and had views. The rest were blocked from any actual decent views.
SO.. if you have 2-10 million bucks to burn away on a home then yeah you can actually afford a home with an ocean and/or sunset/sunrise view.