Need a REALTOR® for your
San Diego investment property?
OutofTownLandLord connects you with the San Diego area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the San Diego market below.
Benjamin Cyr, REALTOR®
San Diego Investment Specialist
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State: California
Counties: San Diego
Cities and Towns: Alpine, Bankers Hill, Bay Park, Cardiff, Carlsbad, Chula Vista, City Heights, Clairemont, Coronado, Del Mar, Downtown San Diego, East San Diego, Encinitas, Golden Hill, Hillcrest, Imperial Beach, Kearny Mesa, Kensington, La Costa, La Jolla, Leucadia, Linda Vista, Little Italy, Logan Heights, Mira Mesa, Mission Beach, Mission Hills, Mission Valley, Normal Heights, North Park, Oceanside, Ocean Beach, Old Town, Pacific Beach, Point Loma, Rancho Santa Fe, Scripps Ranch, Solana Beach, Sorrento Valley, Talmadge, Tierrasanta, University City, University Heights.
Licensed Since: Licensed since 2018 (Involved in Real Estate Activities, House Flipping, Residential Remodeling, Value Add Opportunities in San Diego since 2012)
Company: Coldwell Banker
About Benjamin Cyr
Benjamin is an investor minded real estate agent that has an extensive background in real estate investments, home remodeling and value add opportunities. He has experience in many investment areas, including land development, fix & flips, rental condos/single-family homes, and multi-unit properties. He has a broad network of lenders, contractors, architects, property managers as well as constant access to a number of off market opportunities in San Diego county.
He specializes in advising multi-family owners on buying, holding, exchanging, or selling of their properties in the San Diego County. In addition, he uses up-to-date technology and data to stay current in today’s ever-changing real estate marketplace. He has a strong understanding of listening to each client’s particular investment situation and executes a plan that best suits that client’s needs. His goal is simple, to help each client build and retain their wealth with savvy investment strategies.
Investing in real estate should not be an emotional experience and should be numbers driven. Having an agent that can not only help you find potential investments, but one that understands what makes a good investment is important. San Diego is full of opportunities. If you are considering investing in real estate, contact Benjamin today for a personal consultation.
About the Detroit Metro Market
Market Overview
If you are considering investing in San Diego, chances are you understand the lifestyle benefits that this beautiful city offers. With one of the most desirable climates in the world it has nearly perfect weather all year round. The city is well known for the active outdoor lifestyle it fosters, being in arms reach of some of the top beaches in the world and only a quick drive to the mountains and desert.
San Diego’s economy is growing rapidly, and more people are headed towards these sunny shores. The population has grown by 7.5% since 2010 and it’s 10-year job growth is 35% which is above the national average. Over 53% of the city’s population resides in San Diego rental properties, making them a great real estate investment. Long-term rental properties, in particular, are in high demand in the San Deigo real estate market.
With the median home value currently at $680,000, San Diego real estate appreciated by 72% over the last 10 years. This placed the market in the top 10% nationally. The prices of homes for sale and rent continue to rise, and savvy San Diego real estate investors are snatching up smart investments before supply depletes. The city is battling low inventory by rezoning various areas of the city into higher density zones along with making it easier to convert existing structures/garages into ADU’s that can be rented out for additional income.
Today’s most prominent market indicators suggest it may be better for investors to consider long-term strategies. In addition to high valuations, the new landscape created by the Coronavirus has tilted the investing landscape in favor of long-term investors. That said, here are some of the new San Diego real estate market trends benefiting rental property investors:
- Interest rates on traditional loans are historically low
- Years of cash flow can easily justify today’s higher acquisition costs
- Inventory shortages will increase rental demand
Lower borrowing costs will help absorb today’s high prices, but it’s the cash flow potential of real estate assets which makes the prospect of owning a rental property even more attractive. With a median rent price of $2,750, it is possible to simultaneously rent out an investment property while having someone else pay down the mortgage. That way, investors could potentially build equity in a physical asset and collect cash flow each month with the right long-term investment.
Investment Price Points in San Deigo
You can be able to cash flow on purchases at every price point. From $500,000 duplexes to million dollar multi-unit properties. From 1 bed condo’s to million dollar ocean view short term rentals. No matter what your investment strategy is there are plenty of opportunities awaiting a smart and motivated investor.
- With the average $/sf at $460 San Diego presents an opportunity to increase income and equity by adding square footage, additional units, and/or converting extra space into an ADU(s).
- Entry Level: $300,000 - $600,000
- Mid Level: $600,000 - $999,999
- Upper Level: $1,000,000+
Free Report: Demographic and Housing Data on the San Diego Market
Would you like free demographic and housing data on the San Diego market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the San Diego market is right for you! Click here to get your free report.
