Downtown San Diego Rentals

Construction is happening in downtown San Diego on most streets.  Almost all of them are going to be rentals.  I was surprised to learn that in San Diego County we need 15 to 20 thousand units each year to keep up with demand and only have just over 6800 approved.  A mere quarter of the people who lost their homes in the recession are planning to buy again.  This along with more and more people coming to San Diego makes for an apartment vacancy rate of only 2.7 percent - well below the 4 percent national average.  We are one of the tightest rental markets in the U.S.  With all indications that rents will rise 3% each year and downtown San Diego prices rising 4+% each year, it just makes economical sense to buy.

Attention Landlords:  If you purchase this 2 bed 2 bath 2 parking in the Marina District you should be able to get at least $2400/mth rent.  With all indications that the value will rise just under $20,000 next year, this makes for an excellent investment for your retirement.  Go to:  235 Market for more information.

Attention Renters:  Why rent when you can purchase a place downtown for similar.  Take for example the project located at 889 Date St.  There will be over 80 units for sale in the next year ranging in price from $250,000 to $450,000.  Most plans are loft style with a HOA under $300/mth.  This includes sewer, water, pool, trash, hottub and fitness.  There are only 168 units in the building with 5 stories and it's a great Cortez Hill location.  If down payment is a problem, I have a list of 0 down and low down options.  Go to:  Aloft on Cortez Hill

With the interest rates at an all time low, now is the time to make your move from a renter to an owner or to a landlord.