Owner Occupant Multi-Family in San Diego GOOD or BAD??

[Andrew Jeffery]

Here is my question-

Would investing into the San Diego Market for a MF for first home (owner occ) be worth it? Would the rental market support conversion to an income property after the 1 year required primary residence is fulfilled? 

 Im looking for some insight into the rental market in San Diego hopefully from someone with experience in the market. Everything Im finding does not seem to justify the Purchase price in terms of rental incomes especially when it comes to single families. 

Rental properties do not seem to be the best investment strategy in San Diego in my opinion currently but I do need to start looking for my first purchase in the area at least for my primary.

Just an fyi I apologize I am super green in the SD maket and just "moved" here from Phoenix.

Thanks in advance!!!

[Mark Whittlesey]

San Diego is much like most of the large CA cities (basically the opposite of Phoenix in many aspects). The rents are high but the prices are much, MUCH higher. I don't think you will cash flow for a long time unless you put a lot of money down.

If you do plan to get in, I would treat is a place to live and not as an investment.

What parts are you considering? Downtown is pretty hot now for upscale multis.