New Construction in Otay San Diego

[Maryrose Matanza]

Hi all, 

Currently came across new construction in San Diego. This is located in Otay, and the condo complex is called "Pinnacle Millenia". Would this be a great investment if I did the buy and hold strategy? The purchase price is around 527k, and I see this as a new development area/high traffic area (high tech high, Otay mall, eastlake high school, I can see them expand the freeway more South and build more communities which could potentially expedite the home value). 

Just wanted some honest feedback! Is new construction a good/safe real estate investment opportunity? Any thoughts on the new construction in Otay? 

https://pinnacleatmillenia.com...

[Dan H.]

I think all areas of San Diego are likely to have good long term appreciation.  I do not see a reason why Eastlake would out perform San Diego. In addition, I consider condo HOAs to be a risk as they can set the rules.  

West Chula Vista I can see out perform San Diego because 1) the large redevelopment project 2) the existing units are some of the lower Priced properties near the ocean or bay in Southern California.  

Good luck