Best areas for SFH in SD for budget of $700,000 before rehab?

[Brian Carignan]

We are looking into purchasing a rental in the Sd area.  What are the better areas to invest in with a purchase price of $700,000 with a rehab budget total of $150,000?  I'm familiar with SD, just not most places where our purchase limit puts us, thus the inquiry.

What areas do you like under this scenario? 

From a quick scan, Oceanside looks appealing.  Oceanside? Some of Bay Park areas?  South of Balboa Park?

TIA

[Chris Puntini]

Bay Park might be a little expensive within your budget, there's a shot you could get lucky finding an undervalued fixer or something off-market. Golden Hill area (south of Balboa) would definitely fit within the budget and I can see that area appreciating well in the future. 

I would check out Clairemont, Serra Mesa, Mira Mesa, Rancho Bernardo, and Poway as well. 

Feel free to shoot me a message if you want to chat about it further.