“Yeah! Might be able to pull $2k/month if it has a garage. You’d only need to come in with about 70% down to get to zero cash flow. Where do I sign up?”
It does have a garage. $2200 is more like it.
Demanding immediate positive cash flow would have caused you to miss out on half of the current upswing in San Diego, and more like 80% in the Bay Area.
If you look at my other posts, you can see I am bullish on ocean beach. It is more convenient to both the 5 and 8 and quieter with very few large apartment complexes.
I think it will go up faster than the SD market in general. This house would be $750,000 an equal distance from the beach in PB and maybe $1 million in La Jolla.
I think the premium PB has over OB will narrow. The school district here is already better for every grade level, except the very north tip of PB zoned for La Jolla schools.
Not to be negative about PB though, I think it is great too, just not as much appreciation potential.
