Clairemont is a small suburban neighborhood in central San Diego. It is comprised of mostly single-family homes with a few scattered apartment complexes. People like to live in this area because it is one of the cheaper central areas and is a short drive to the beaches. Additionally, the Good Life main office is located in Clairemont. Stop by and say hello!
There are plenty of shopping centers in the Clairemont area. Whether you’re looking for a Target, a grocery store, or a place to eat, you’ll have plenty of options here. The intersection of Balboa and Genesee has a plenty of restaurants and fast-casual eateries to choose from. Check out Mandarin Wok for great Chinese food or Ototo Sushi for tasty Japanese bites. If you like the outdoors, head over to Marian Bear Memorial Park. You can walk, hike, or bike most of the trails. It’s also a great spot for photography!
These are the median purchase prices as of December 2022. For monthly stats, visit the San Diego Association of Realtors website.
Clairemont 92117: $1,060,750 SFH; $600,000 Condos (year to date average)
Linda Vista 92111: $981,000 SFH; $665,000 Condos (year to date average)
There are a lot of single family homes in the Clairemont area, likely due to the number of primary and secondary schools in the area. There are a handful of apartment and condo complexes scattered throughout Clairemont that are more reasonably priced compared to nearby areas, such as Bay Ho. The average SFH will rent for around $3,000/month. Condos skew lower at $2,230/month and two bedrooms are around $2,374/month. These rates are averages for the zip code 92117.
Clairemont is an extremely desirable place for families due to schools, shopping centers, and central location. You're about 15 minutes from everywhere in San Diego, beaches included! The high rental demand leads to lower vacancy and longer-term tenants. A good amount of the zip code has an ocean view. Many of the lots in Clairemont are on the larger size and they have garages with the potential to add an ADU (accessory dwelling unit).
North and East Clairemont can have a less desirable tenant base. The price-to-rent ratio in Clairemont means less monthly cash flow, but in the long-term you can count on very reliable appreciation.
5184 Conrad Ave - Full Deal Report
A staple of Clairemont are 3 bedroom or 4 bedroom/2bathroom houses on large lots built in the 50s and 60s. These are the bread-and-butter properties that potential renters will apply for the minute it hits the market--they are that popular. This property is a beautifully renovated 3B/2BA in North Clairemont with lush landscaping, so the additional costs of maintaining it must be factored in. Long-term, this property is a great investment but the monthly cash flow is steeply negative. However, the large lot lends itself to prime auxiliary dwelling unit (ADU) potential and a 1B/1BA unit in the back would easily push this property into positive cash flow! Read more about San Diego ADUs here.
4099 Huerfano Ave #111 - Full Deal Report
Bay Ho is a cool pocket on the northwest end of 92117 with gorgeous ocean and canyon views. Like the rest of the zip code, rentals go off market quickly, even 1B/1BA condos. With two reserved parking spaces and water/trash covered by the HOA fees, this unit would fly off the shelves. Two parking spaces for a 1B is very appealing, regardless of neighborhood. Operating at a net loss of $500/month isn't so bad considering the Class A location (and therefore appreciation) and HOA fees of $325/month.
In the map above, the lighter areas represent the less expensive areas while the darker areas are the higher priced homes and units. You can see that as you move closer to the water and ocean views, homes go up in price.
When choosing where to buy your investment property, you should be on the lookout for a few things. These things can be a red flag for the kind of area you want to avoid.
Good Life Property Management has become experts in Clairemont property management over the last 7 years. As a result, we know how to effectively market and manage your Clairemont home. We find that days on market are average when compared to other areas and vacancy is about average as well. Clairemont property management can be challenging, but doesn’t have to be with Good Life.