Any undervalued coastal California areas poised for the next wave of monster appreciation?

[Joe Derobertis]

I live in SoCal and am a new investor.  New as in I haven't invested in anything yet, but I am actively looking.  As we all know living in SoCal presents some limited options for investing locally so, much like others, I've begun looking out of state and obviously there are some very viable options.  That said, I can't help but wonder what coastal-ish areas in SoCal or California in general are poised to blow up.  I was perusing padmapper and following the coast north from LA and came across Orcutt and Santa Maria.  I'm not very familiar with these areas, but it seems the rents looks pretty decent and there appear to be some homes for sale where the numbers could add up.  I haven't really done much research into any of these towns yet and thought I'd shoot out a message to see if anyone has any experience or thoughts here.

Clearly there must be underdeveloped/undervalued areas in coastal CA, that should experience tremendous appreciation in the next 20-30 years right?  I mean the established areas aren't going to see appreciation like they did if you bought in the 60/70s.  

I'm thinking of those towns as blue chips, sure they'll continue to appreciate but the rate will be much lower because they're discovered, established, etc..., but there are people who want to buy homes in coastal areas and cannot afford those so they'll seek more affordable areas and my hope is that if you can locate those now and find the pattern/trend and hold for 20-30 years those are the areas that will have tremendous appreciation.

Wow, this ended up way longer than I meant it to be, so if you've read this far I appreciate it!

Anyway, I'd be curious on the collective groups thoughts here.