Feel free to check out Trulia's Local Info including Crimes, Commute, and Amenities here:
Hope that can help a bit!
My favorite zone right now for investment properties is Mission Valley. But it's a highly competitive market with drastically reduced inventory in recent weeks. We are down to just one or two listings under $150k in Mission Valley right now (with over 35 contingent & pending) - aside from cash-only pre-foreclosure opportunities. I've literally written 6 offers in the last 10 days and all of them have been rejected in multiple offer situations, even though we wrote for more than the asking price and had 20% to put down. Cash seems to be king!
I like Mission Valley for the diversity of renter, density and trolley access & social/recreation opportunities -plus, proximity to downtown and the beaches. Student only rentals are beaten up quite a bit by the students, the College area is loaded with them. The beaches get expensive - it's difficult to find anything decent under $250k in PB for example - but certainly more fun.
Where/what you buy will also be determined by the type of loan you plan to get and the health of the homeowner's association for the development you buy in. If there are high rentals in a development, high delinquencies on HOA dues, low reserves and/or litigation against the developer - you may not be able to get a loan and/or be limited to cash or conventional financing only. It's good to walk through a few developments you have your eye on - you can get an immediate feeling for how well maintained it is and how the owners/tenants take care of their balconies, etc.
You also want to pay attention to the HOA dues in order to make sure your investment will cash flow. HOA dues can vary from the low $200's per month to $350 or just over $400. High HOA dues can take a serious bite out of your cash flow!
If your budget affords going into the higher price points ($300k+) - I am finding a town home is ideal. You get more space within the unit, a balcony and/or patio/yard space, nicer amenities AND best of all - the attached garage that has the space tenants want for all their stuff, bikes, surf boards, etc.
If you'd like frank insight into how to make the best investment possible - give me a call!
Keller Williams Carmel Valley
I graduated from San Diego State and have lived and worked in the area since 1999. I would be more than happy to help you with your search. My suggestions include Del Cerro, La Mesa & Lemon Grove because of the proximaty to SDSU. North Park and Mission Vally are great choices for the amenities available like shopping, restaurants and entertainment. If price is the key factor you may want to consider the college area 92105 & 92115. San Diego's beaches are a great selling point for both in state and out of state students but public transit becomes less effective the farther west you look due to travel time. Please feel free to call or email me.
Here's a link to the bus lines serving our area colleges:
And a link to our Trolley map:
Hope this helps some!
Cory La Scala, REALTOR
There are great pocket neighborhoods near SDSU that are great for Student Rentals. To make it appealing make sure that the parking is ample and close to the Campus as well as other shops and grocery stores. The more convenient you make it for them the better.
There are many condos for sale in Mission Valley that could be a great Student Rental.
I will save the best for the last. Depending on your investment budget the beach area is a better buy since the coast is in high demand. The ideal property would be one that you could Vacation Rent from June-August for weekly rates and from September to May is converts to Student Rentals. You have more options and a higher appreciation at the beach than the other areas above. Make sure you work with an experienced beach agent who knows the properties that allow vacation rentals.
Feel Free to contact me via phone, text or email for any questions.
David R. Indermill
Re/Max Hall Of Fame
Re/Max Associates La Jolla
Please let me know if I can help you.
The beach is also attractive but I do not think the rents will support the purchase price as well as something more inland.
Let me know if I can help. Also look at my website for properties that may interest you.
I am never too busy for your referrals
The San Diego Property Shop http://www.TheSanDiegoPropertyShop.com
CA DRE # 00648687
There are areas around SDSU with great access to public transportation and rentability. What is your budget? are you looking at homes? condos? 2-4 units?
Here is the link to the crime stats
If you are not already working with a Realtor, I would love to help.
Hector R. Gastelum
Realty Executives Dillon
Have a look at this one and call me if it interests you (MLS # 120003996 ). The owner may finance. The current rents are: $1375 and $1300.
Coldwell Banker Res. Brokerage
2727 Shelter Island Dr.
San Diego, CA 92106
619-221-1696 (office) http://www.BiancaRomani.com
Think about Mission Valley which is close to SDSU but also keeps you open to other renters who might not be so hard on the unit and stay longer.
With rental properties you want a qualified renter who will pay on time and stay a long time, because it cost money to clean, repair and re-rent a unit. Students are not known for taking good care of properties, in fact more the opposite.
Be sure to set-up a buying plan and be ready when a good deal comes along because there are a lot of investors in the market right now.
I can run a rental analysis, ROI and help you with the buying plan.