Building in San Diego is not easy. The cost and time getting permits is not owner friendly.
I also do price consulting for lender and know the market from a value point, you have a price point too low for the market
We are moving to San Diego because I have a business opportunity there, my wife however is retired as of July 1st. She wanted to look at foreclosures because she thought a fixer-upper might keep her occupied. We are going to take another look at 3 and 5 with a friend of the family who is a contractor. We really liked 5 since I want to bring my son out here and the basement suite would give him some privacy.
We also have a mortgage mess at home thanks to the incompetence of a mortgage servicer that is likely to require a quiet title action. So buying something with cash on hand is also appealing at the moment.
Would building over the line in southern Riverside or Orange be substantially easier?