Best socal cities for income property

[Albert Belcap]

I'm a beginning investor from Long Beach and I'm looking for a socal city with a good balance of high cap rate/low vacancy/lots of quality tenants. I'll be researching specific cities for the next 9-18 months (when the market bottoms out?) and buy in the best places for me to invest in.

I'm going for a buy and hold strategy and would like something that's affordable ($200-300k) and has a high cap rate and has a strong rental market with lots of quality tenants.

So far I'm looking at the parts of Santa Ana that border Costa Mesa, Downtown LB, and recently parts of Oceanside. Socal is huge and I would like to know what's out here!