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Updated almost 16 years ago on . Most recent reply

User Stats

8
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0
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K T
  • Real Estate Investor
  • La Jolla, CA
0
Votes |
8
Posts

Is this good investment?

K T
  • Real Estate Investor
  • La Jolla, CA
Posted

City Heights, San Diego
Second floor unit of Condominium of 6 unit complex
736 SqFt
Build in 1992
One car garage + one off-street parking space
Rehab cost about $2,500
Rent: around $1,200
HOA fee: $220 (include CAM, Bldg Maintenance, Water, Limited Insurance)
Property tax: $1,000
Listing price: $95,000
**This complex was converted into condominium in 2005**
Newer roof, well maintained outside. Newer A/C, heater, stove.
Newly arrived immigrant communities, not really good area in SD

This would be my first investment.
What do you all think? Is it good to buy?

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