Income Listings For Sale in San Diego

 

Here are a few new multifamily units for sale. To search all 2-4 Units for sale in San Diego County please visit our search page for income property for sale HERE.

New Income Listings For Sale in San Diego / 2-4 Units For Sale in San Diego County

 

Encinitas CA – North Leucadia

$999,900 Active

1431-1433 Hermes Ave

San Diego CA – Ocean Beach

$949,000 Active

5090 Long Branch Avenue

San Diego CA – DE LA CRUZ PARK

$795,000 Active

3540 37th street

La Jolla CA – VILLAGE

$3,395,000 Active

7432 7434 7436 Fay Ave

San Diego CA – San Diego

$679,000 Active

3621-3625 Highland Ave

La Mesa CA – Severin Manor/Fletcher Hills

$597,000 Active

6130-6132 Manor Drive

San Diego CA – La Mesa Colony

$575,000 Active

4830-34 70th

Lemon Grove CA – Lemon Grove

$679,900 Active

7021 Central Ave

San Diego CA – Banker’s Hill

$1,650,000 Active

141-147 Ivy

Chula Vista CA – Marlborough Heights

$699,998 Active

694-96 Chula Vista Street

San Diego CA – City Heights

$575,000 Active

4280 Orange Ave

San Ysidro CA – San Ysidro

$549,000 Active

224-224 1/2 Cottonwood Rd

San Diego CA – Pacific Beach

$1,789,000 Active

1623-1627 Missouri St

San Diego CA – North Park

$949,900 Active

3729/3731 32nd St

San Diego CA – Middletown

$1,599,000 Active

3838-3840 Kettner Blvd

San Diego CA – Mission Hills

$1,999,000 Active

2863-2865 State St.

Imperial Beach CA – BaySide

$1,650,000 Active

1123-1129 Calla

San Diego CA – Banker’s Hill

$998,000 Active

241 Ivy Street

San Diego CA – City Heights

$829,000 Active

3570 47th Street

Real Estate Investment Opportunities in San Diego County

We are experiencing a strong real estate market right now with many great investment opportunities out there – but you have be proactive and seek them out. To get a leg up on the competition you must think outside the box and be willing to do what other property investors are not.


Real Estate Investment Opportunities in San Diego County


One such example is buying the ugliest home on the block and improving it. Not only can you find such homes at bargain prices, you can greatly improve their resale value with minimal investment on your part. Another option is buying a 2 bedroom / 1 bath home and then adding 700 square feet and an extra bedroom and bathroom. Turning a 2 bed / 1 bath home into a 3 bed / 2 bath means you are creating equity on your property instead of just sitting back and hoping the price goes up – something every investor should strongly consider.

In a hot real estate market there is no shortage of investors looking to make a quick buck, but few are willing to go the extra mile and add additional square footage to an existing property to significantly increase its resale value.

We are happy to show you real-world examples of this and work with you to find these types of opportunities. Below are two such examples from recent projects. As always please keep us in mind for all of your real estate needs and don’t hesitate to contact us if you need help or have a question.

Search All Homes For Sale in San Diego County

 

San Diego’s Uneven Housing Recovery And How You Can Benefit From It!

We’ve all heard news of the San Diego housing market recovery by now – I’ve already blogged about it before (mini housing bubble, Prices Up, Foreclosures Down ). Latest data from real estate tracking company DataQuick, however, provides an interesting quirk on the recovery story. It turns out that the recovery is not uniform across all neighborhoods in San Diego County but, in fact, certain neighborhoods are recovering faster than others.

Unsurprisingly, high-density subdivisions close to major employers as well as beach-front neighborhoods in northwest San Diego recovered fastest, gaining back much of their pre-housing-crash value, while neighborhoods in south and east San Diego County have been much slower to recover.

What’s driving the recovery?

First of all, it is important to pinpoint the reasons behind the recovery in the first place. A gradually strengthening national economy, combined with steady increases in employment and historically low interest rates mandated by FHA have played a role in creating a mini-frenzy in the real estate market last year. Many would-be home buyers sitting on the fence decided to jump into the market to take advantage of low rates and depressed prices, driving up property values in certain desirable neighborhoods. The limited inventory of detached single-family homes combined with increased demand from local, out-of-state and international buyers resulted in a significant rise in home prices.

Which areas experienced the strongest recovery?

Carmel Valley, thanks to its proximity to large employers such as Qualcomm and good schools experienced the strongest recovery – the average home value are a mere 3.2% below their pre-crash peak in 2005.

The coastal communities of Mission Beach and Pacific Beach have also seen strong recoveries in home values thanks to limited supply of prime beach front property. Premium beach-front areas in a city like San Diego will always be in demand, regardless of the overall state of the housing market. The average home in Mission Beach and Pacific Beach sells for around 9.3% less than their peak pre-crash price.

Which areas are going through slow recoveries?

Neighborhoods mainly in the southern and eastern parts of San Diego County such as Logan Heights, Paradise Hills and Chula Vista are not faring as well as their northern counterparts. Average home prices in these areas are still nearly 50% lower than their pre-housing-crash peak.

These areas were hardest hit by the mortgage crisis, experiencing a high level of mortgage defaults resulting in foreclosures. To reduce their inventory of foreclosed homes banks were compelled to resell these properties at highly discounted prices, which had a knock-on effect of lowering property values throughout the neighborhood. While values have risen, they have not kept pace with other parts of San Diego County.

The silver lining (Here’s how you benefit!)

Economists and analysts all agree that the recovery is well underway, and has been for some time now. It’s not a matter of if, but when, prices will return to their pre-crash peaks. Even neighborhoods like Logan Heights and Paradise Hills are expected to recover fully as homeowners in those neighborhoods fix up their properties and put them on the market. As non-distressed home sales increase in such neighborhoods it will have the effect of raising median home prices across the board.

Investors are already being priced out the more expensive areas on San Diego and are turning to the South and East areas of the County to find great deals on single family homes. Southern and Eastern San Diego County are prime areas for anyone looking for a bargain right now.

The historically low interest rates for single family detached homes won’t last forever. FHA has artificially held rates down to speed up recovery in the national housing market, but once the government intervention ends mortgage rates will start to rise, pushing many would-be buyers out of the market.

San Diego’s Uneven Housing Recovery and How You Can Benefit From It!

The signs are clear; prices have no way to go but up and rates are still historically low (for the time being). Now is a great time to invest.

Latest Figures From NAR Show Decline in Home Sales; “Acute Shortage of Inventory” Blamed.

Monthly Pending Home Sales IndexThe latest PHSI figures from the National Association of Realtors have shown a marked decline in new contract signings for December, 2012. The PHSI, or Pending Home Sales Index, is the NAR’s leading indicator of the future condition of the real estate market; it looks at all home sales contracts that have been signed but not closed. (Contracts typically take four to six weeks to close.) Overall PHSI trends are still positive with each month showing higher figures compared to a year ago for 20 consecutive months, but December, 2012 showed a 4.4% drop-off in signed contracts from the previous month (although still up 6.9% compared to December, 2011).

A Loss of Momentum

A downturn of 4.4% indicates “a loss of momentum in the signing of contracts to buy a home,” according to NAR chief economist Lawrence Yun. In spite of the overall positive market trends, Yun adds, December’s slow-down cannot be dismissed as a one-time statistical fluke, and has to be considered a “measurable decline.”

This sudden downturn is not due to a lack of buyers, however, but rather to a lack of inventory in certain key markets. Demand is high and buyer interest remains strong in the fourth quarter of 2012 and is set to continue in 2013. The latest Buyer and Seller Traffic Index from Realtors.org paints clear a picture of a seller’s market; buyer traffic outstripped seller traffic 56 – 38.

Decline in Inventory

The decrease in contract signings is not uniform across the country – three of the four major real estate markets have seen an increase in pending contracts from a year ago. December’s 4.4% decline is actually driven by one key region – the West, which comprises of real estate markets in Arizona, Nevada, California and Washington State. These regions, according to Yun, are suffering from an acute shortage of inventory. The double-digit growth in prices in the West compared to other regional markets reinforces the idea that it is a supply-constraint rather than a lack of demand that is the reason behind December’s slowdown.

Strong Demand + Low Inventory = Rise in Prices

Supplies of homes in the sub $100,000 range are especially low in the West. First time buyers are stuck with few options as demand for starter homes continues to grow, driving up prices. There is more movement at the higher end of the market, although the tight inventory means it is still very much a seller’s market.

This lack of inventory can also be seen in the local San Diego real estate market. The Californian real estate market rebounded earlier than other regions in 2012, seeing increased sales in the fourth quarter and a lower supply of available homes in December and beyond. Everyone who kept expecting a glut of bank owned property to flood the market with new inventory in 2013 are going to be disappointed; the banks report that they don’t have much inventory in the pipeline for California.

Although builders in Western markets are ramping-up housing-starts in 2013, they are doing so from a considerable deficit (due to severely diminished new-home construction in the wake of the 2006-2009 Depression). Even at the increased pace of construction, housing-starts are nowhere near enough to meet demand in California and other markets in the new year.

Housing Starts Regional Variations in Months Supply and Price Growth

What to Expect in 2013?

Even with the ongoing inventory problems in certain regional markets, things are looking up in the real estate sector in 2013. Favorable affordability conditions in most regions combined with cheaper borrowing costs and more job gains will likely drive real-estate growth in the new year. Previously owned homes account for over 90 percent of the housing market, and NAR head economist Lawrence Yun expects the sale of these homes to go up 9 percent in 2013.

Home buyers who qualify for financing can take advantage of extremely competitive rates right now. Stats from Freddie Mac show that the average interest rate on a 30-year, fixed-rate mortgage in the last week of January 2013 was 3.42 percent; one of the lowest in the last 40 years.

While inventory may be tight, there are still plenty of active listings at TeamAguilar.com. Looking to buy or sell? Think now is a good time to invest? Contact Carlos or Alex today.

Why Pro Athletes Stink at Money Management!

Why Pro Athletes Suck at Money

What is it about professional athletes that make them so bad with money? It’s almost cliché to talk about the ex-MLB player who blew his fortune on ridiculous investments or the former NBA superstar who lost everything in a nasty divorce. While the rate of ex-player bankruptcies are higher than ever before thanks to the global financial crisis, reports from a variety of sources show that ex pro-athletes have always been bad at handling their money. According to a 2009 Sports Illustrated article 78% of ex-NFL players are bankrupt within two years of retirement. Figures from the NBA Players’ Association show that 60% of retired NBA players are broke.

While it’s easy to point and laugh at irresponsible millionaires throwing their money away, it ignores the underlying institutional problems faced by many athletes once they retire. To put it simply, many pro athletes are wildly out of their depth when it comes to handling finances. Most are signed up to lucrative seven figure contracts straight out of college or, in some cases, high school. Many come from modest to poor backgrounds and have had no experience in managing a check book, let alone investing millions of dollars.

The average career lifespan of a professional athlete is much shorter than that of other working professionals. A plumber or accountant will have anywhere from 30 to 50 productive working years in his or her life. The NFL’s own statistics show that the average player’s career lasts from 6 to 10 years, with most players having a peak earning period of 3.2 years. NBA players have a career lifespan of 5 years or less (source) while an average MLB career is 5.6 years (source).

When examining pro athlete bankruptcies, similar patterns start to emerge. Here are four recurring reasons why so many ex players go broke, along with some prominent examples.

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