Condo or Townhome @ Imperial Beach,CA

[Namal Burman]

I am looking to buy one property(Investment) near Imperial Beach near Ocean . Currently looking at two properties one is Condo priced around 800K( which is not Ocean Facing) and one is townhome priced at 1.25M. Planning to put more then 20% Downpayment . I am aware of the Sewage issue and i am aware that in this high interest regime it won't be a cash flow property. But I want to own a property near beach and love imperial beach as its still affordable. What would you folks suggest i should be aware of? I am not new in RE (Own 2 (condo+townhome) +primary home) and all units are in San Diego and know want to buy something near beach and been in Imperial Beach lot of times love the place :)

Any guidance how should i approach?

Regards,

namal

[Dan H.]

I believe IB is likely to out perform the San Diego general market.   The sewer problem is getting more publicity which leads to more money being dedicated to the problem.  

I expect West Chula Vista and IB to both out perform the market. 

Your description of the town house is non existent but in general I would choose a town house over a condo. 

Do your research on HOA. Not only the funding, but especially the HOA rules.

Good luck