San Diego path of progress??

Question

Path of progress is always an interesting perspective, whether from a general 30,000 ft view of a county, city or neighborhood.  In my neighborhood or North Park, I bought it was I felt was the path of progress, the west end of El Cajon Boulevard.  However from a big picture, north park might not really be the path of progress... How do you define path of progress, and where is it headed??

Sarah D. · Answer

@Michael Conway Really interested to hear people's perspectives on this. From my limited experience/observation it takes a combination of city investment, new restaurant/retail, and incoming homeowners to turn a neighborhood around. In San Diego I'm betting on Golden Hill/Sherman Heights area to be the next up and coming, mostly because it has the existing property type (SFH) to support home ownership and has great proximity to popular/expensive areas. That is why I'm betting against City Heights to become the next North Park, lack of opportunity for single family home owners to come in and have a stake in making sure the neighborhood turns (it's mostly MF in that area). Santee and La Mesa are also undergoing a renaissance, and there again it seems the long term neighborhood improvement is driven by home owners who want to improve their neighborhood.

How's the Air BNB working out btw?

Buddy Holmes · Answer

@Ben Biggs, Thought you might to read and comment on this thread.  It seems like good ideas but I know nothing of the geography.  Keep looking out for Ryan! ;>))

Michael Conway · Answer

There are pockets of Logan Heights and Grant Hill I could see coming up...  east of 25th is still pretty scary.  As for city heights, I agree that I don't see this area revitalizing in the next 15-20 years.  Gentrification can only push city heights towards lemon grove, city heights folks are already priced out of all the other neighborhoods that surround the area (north park, normal heights, kensington/talmdage, rolando/el cerrito, la mesa) . They're stuck...

I would bet on Multi-family along the path of the new trolley system, specifically bay park area.  The city wants to densify zoning along Morena boulevard, and with direct access to down via trolley, and an up and coming food/restaurant scene developing in the area, this could be a strong in next 5 years.

@Sarah D. - So far so good!  Taking a little time to develop the reviews we need to increase our occupancy, but overall its been easier than we thought with the right systems in place, and the cashflow is great!  Gonna ride this wave until the city tries to take it away...

Dan H. · Answer

I'm not a big fan of Logan Heights or Normal Heights for next turn around location.  Logan Heights is just too low and I agree with @Sarah D. sentiment that it is wrong type of home mix.  Not so much that being being multi family by itself is a problem but old small multi family with minimal room to build.

If the soccer fans get what they want then I can see mission valley area becoming more of a destination area which may help the nearby residential communities.  A lot of ifs and maybes there 😃.

Escondido has a ton of new apartments.  I think it has stopped the rent appreciation but maybe it will help with property appreciation.

Julia Shevchenko · Answer

So far the paths of progress I see is the redevelopment opportunities along the new trolley lines, and Mission Valley area, depending on what ends up happening to the stadium. I read an article last week that there is a lack of resident input on the stadium giving more power to private investors to take over all that land and develop it into more malls and residential living. This might be a great opportunity from an investor standpoint, but from the city and residents, it means that we are giving away millions in tax dollars to be profitable to private investors.  Basically, the city is urging residents to get involved in the decision process of the stadium land.

Buddy Holmes · Answer

@Michael Conway,   I would say the path of progress might have various answers based on what your end game is.  For rentals, you might look to where the young professionals might want to live.  That is perhaps close to downtown work and where the latest coffee shop, restaurant, and bars are opening.  I am told that Logan Heights in SD is one of those neighborhoods.

If your goal is resale of a 3BR/2BA home you might look where the young married couples are locating.  Let us know what your goals are.

Cheers, Buddy

San Diego path of progress??

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