You articulate the conundrum I feel. Having done that once with a great Jason 35, I could easily buy a good old boat for $25k and spend more than $55k in refit and refurbish. That's why King's Pride was such a steal at $82K fully refit, once in a lifetime opportunity.
What's your take on the condition and needs of the boat in San Diego? It seems that boats always look better online than in reality crawling around on them. I am in Hawaii, and can't easily bop over there for a look-see.