East Village real estate is largly comprised of newer condo buildings, each with their own distinctive features, such as The Element, The Mark, Park Terrace, Metrome, Icon, The Legend, among others. The vast majority of area condos were built during the real estate boom of the 2000's, and therefore offer modern amenities and finishes.
The East Village is a hip newly developed downtown San Diego neighborhood around Petco Park, home of The San Diego Padres. There are also proposals to put a new San Diego Chargers football stadium in the area on the site of the old Wonder Bread Factory.
Additionally, lots of new bars and restaurants have sprung up because of all the redevelopment that took place in the 2000's. Bar Basic, East Village Tavern and Bowl, Proper Gastro Pub, and the tastefully tacky Tilted Kilt. Residents enjoy just a short walk to Downtown San Diego's more established and historic Gaslamp Quarter.
Downtown San Diego as a whole was drastically overbuilt during the real estate boom. However, pricing has come down to earth and some of the best values in new construction can be found here. Many properties are showing positive cash flow with as little as 20% down. Depending upon the location of the condo building, some neighborhood condos are selling at a very attractive gross rent multiplier, making for some of the best investment returns anywhere. Current prices and interest rates, coupled with the potential of a new Downtown San Diego Chargers stadium and associated sports and entertainment district make East Village investment property very intriguing.
East Village is served by both Perkins K-8 School and Sherman Academy for K-5 students. Memorial Prepatory for Scholars and Athletes serves middle school students in the 6-8th grades, and San Diego High School rounds out the East Village public school options. All area schools are operated by the San Diego Unified School District.
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