Buying a small condo in UTC as an investment?

[jpinpb]

I’ve got some threads for Carmel Valley:

Carmel Pointe

Pell

I didn’t do The Heights. There’s some pain there. If you don’t need a garage, there’s a lot of condo complexes in Carmel Valley showing some pain, mostly the conversions, but the disease is spreading.

[Coronita]

[quote=Scarlett]Well, it’s not really for me. My sister (lives in OC) was thinking to buy some condo close to where I live (that’s why UTC), so when our mom would be able to move here to have her own place for a few years instead of living with us. It will be my sister’s purchase as she already has a house and higher income than I – and I will contribute if my mom would live there. No, I won’t live there.

It is not a set decision, it was just a thought. No hurry at all. Long term investment. My mom may not be able to move here for quite a while, or maybe even not at all. However, since the condos here are close to bottom, we figured if the numbers are right, my sister should buy one and rent it in the meantime until my mother would come to San Diego.

[quote=flu]Scarlett,

Pardon me for asking, but I thought you were more set on buying a primary home first. Do you really want to juggle a rental in right now at the same time you’re considering a primary?
.[/quote]
[/quote]

My bad.

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators, which is fine for folks without an issue walking etc. But older people or folks with a slight disability might find it a nuissance. The other thing that is interesting is the floor plan is really ground ground + and and ground -1.

Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak. Fools rushed in and bought these crap places anywhere from $350-490k+….It’s crap. If you visit their and then visit carmel pointe, you’ll quickly see why folks cant get rid of del mar villa. I expect these units to go much lower, and also as a result I expect the HOA to be severely underwater.

Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.

[Coronita]

[quote=Scarlett]Well, it’s not really for me. My sister (lives in OC) was thinking to buy some condo close to where I live (that’s why UTC), so when our mom would be able to move here to have her own place for a few years instead of living with us. It will be my sister’s purchase as she already has a house and higher income than I – and I will contribute if my mom would live there. No, I won’t live there.

It is not a set decision, it was just a thought. No hurry at all. Long term investment. My mom may not be able to move here for quite a while, or maybe even not at all. However, since the condos here are close to bottom, we figured if the numbers are right, my sister should buy one and rent it in the meantime until my mother would come to San Diego.

[quote=flu]Scarlett,

Pardon me for asking, but I thought you were more set on buying a primary home first. Do you really want to juggle a rental in right now at the same time you’re considering a primary?
.[/quote]
[/quote]

My bad.

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators, which is fine for folks without an issue walking etc. But older people or folks with a slight disability might find it a nuissance. The other thing that is interesting is the floor plan is really ground ground + and and ground -1.

Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak. Fools rushed in and bought these crap places anywhere from $350-490k+….It’s crap. If you visit their and then visit carmel pointe, you’ll quickly see why folks cant get rid of del mar villa. I expect these units to go much lower, and also as a result I expect the HOA to be severely underwater.

Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.

[Coronita]

[quote=Scarlett]Well, it’s not really for me. My sister (lives in OC) was thinking to buy some condo close to where I live (that’s why UTC), so when our mom would be able to move here to have her own place for a few years instead of living with us. It will be my sister’s purchase as she already has a house and higher income than I – and I will contribute if my mom would live there. No, I won’t live there.

It is not a set decision, it was just a thought. No hurry at all. Long term investment. My mom may not be able to move here for quite a while, or maybe even not at all. However, since the condos here are close to bottom, we figured if the numbers are right, my sister should buy one and rent it in the meantime until my mother would come to San Diego.

[quote=flu]Scarlett,

Pardon me for asking, but I thought you were more set on buying a primary home first. Do you really want to juggle a rental in right now at the same time you’re considering a primary?
.[/quote]
[/quote]

My bad.

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators, which is fine for folks without an issue walking etc. But older people or folks with a slight disability might find it a nuissance. The other thing that is interesting is the floor plan is really ground ground + and and ground -1.

Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak. Fools rushed in and bought these crap places anywhere from $350-490k+….It’s crap. If you visit their and then visit carmel pointe, you’ll quickly see why folks cant get rid of del mar villa. I expect these units to go much lower, and also as a result I expect the HOA to be severely underwater.

Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.

[Coronita]

[quote=Scarlett]Well, it’s not really for me. My sister (lives in OC) was thinking to buy some condo close to where I live (that’s why UTC), so when our mom would be able to move here to have her own place for a few years instead of living with us. It will be my sister’s purchase as she already has a house and higher income than I – and I will contribute if my mom would live there. No, I won’t live there.

It is not a set decision, it was just a thought. No hurry at all. Long term investment. My mom may not be able to move here for quite a while, or maybe even not at all. However, since the condos here are close to bottom, we figured if the numbers are right, my sister should buy one and rent it in the meantime until my mother would come to San Diego.

[quote=flu]Scarlett,

Pardon me for asking, but I thought you were more set on buying a primary home first. Do you really want to juggle a rental in right now at the same time you’re considering a primary?
.[/quote]
[/quote]

My bad.

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators, which is fine for folks without an issue walking etc. But older people or folks with a slight disability might find it a nuissance. The other thing that is interesting is the floor plan is really ground ground + and and ground -1.

Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak. Fools rushed in and bought these crap places anywhere from $350-490k+….It’s crap. If you visit their and then visit carmel pointe, you’ll quickly see why folks cant get rid of del mar villa. I expect these units to go much lower, and also as a result I expect the HOA to be severely underwater.

Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.

[Coronita]

[quote=Scarlett]Well, it’s not really for me. My sister (lives in OC) was thinking to buy some condo close to where I live (that’s why UTC), so when our mom would be able to move here to have her own place for a few years instead of living with us. It will be my sister’s purchase as she already has a house and higher income than I – and I will contribute if my mom would live there. No, I won’t live there.

It is not a set decision, it was just a thought. No hurry at all. Long term investment. My mom may not be able to move here for quite a while, or maybe even not at all. However, since the condos here are close to bottom, we figured if the numbers are right, my sister should buy one and rent it in the meantime until my mother would come to San Diego.

[quote=flu]Scarlett,

Pardon me for asking, but I thought you were more set on buying a primary home first. Do you really want to juggle a rental in right now at the same time you’re considering a primary?
.[/quote]
[/quote]

My bad.

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators, which is fine for folks without an issue walking etc. But older people or folks with a slight disability might find it a nuissance. The other thing that is interesting is the floor plan is really ground ground + and and ground -1.

Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak. Fools rushed in and bought these crap places anywhere from $350-490k+….It’s crap. If you visit their and then visit carmel pointe, you’ll quickly see why folks cant get rid of del mar villa. I expect these units to go much lower, and also as a result I expect the HOA to be severely underwater.

Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.

[jpinpb]

flu – What’s your take on Camino Villas?

[jpinpb]

flu – What’s your take on Camino Villas?

[jpinpb]

flu – What’s your take on Camino Villas?

[jpinpb]

flu – What’s your take on Camino Villas?

[jpinpb]

flu – What’s your take on Camino Villas?

[Coronita]

[quote=jpinpb]flu – What’s your take on Camino Villas?[/quote]

I’d probably put it on par with Heights. Definitely better the Del Mar Villa and less riskier than Pell Place imho. But I still think Carmel Pointe is a good place to be aside from a townhome.

[Coronita]

[quote=jpinpb]flu – What’s your take on Camino Villas?[/quote]

I’d probably put it on par with Heights. Definitely better the Del Mar Villa and less riskier than Pell Place imho. But I still think Carmel Pointe is a good place to be aside from a townhome.

[Coronita]

[quote=jpinpb]flu – What’s your take on Camino Villas?[/quote]

I’d probably put it on par with Heights. Definitely better the Del Mar Villa and less riskier than Pell Place imho. But I still think Carmel Pointe is a good place to be aside from a townhome.

[Coronita]

[quote=jpinpb]flu – What’s your take on Camino Villas?[/quote]

I’d probably put it on par with Heights. Definitely better the Del Mar Villa and less riskier than Pell Place imho. But I still think Carmel Pointe is a good place to be aside from a townhome.

[Author]

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