As another home buyer stated - Santee is not, and probably never will be, La Jolla. It is a well priced community with a smaller town feel and a lot of nearby amenities.
If you are looking for INCREDIBLE values right now as an investor - I would look in Oceanside and Chula Vista. Depending on your price range, San Elijo may also be a great place to look. In our experience, the communities with a lot of new construction over the past 8 years have a lot of foreclosures. Due to the foreclosures, these same communities reflect substantially lower prices.
You are always welcome to go to our website http://(www.mewbornteam.com) and set up a couple of home searches in various areas. Our home finder will allow you to search for different factors, and will notify you if a property comes onto the market that fits your criteria. If you ever have any questions, please feel free to email or call us at firstname.lastname@example.org or (858) 205-2000. Good luck in your home search.