I don't know about cali, but if you're willing to travel a few hundred miles, you'll just need time to find something under $2000. I've bought 4 running/driving e30s in the last two years for under $2000. Then just replace things as you notice them. No matter what you spend, you likely won't find anything that requires nothing.
I paid $1700 for my rust free 1992 vert 5-speed. It leaked everything and the motor felt abused. I put new suspension (billies and bavauto sport springs and control arms yada yada) and a new motor and trans (junk yard) in it for about $1500 more. Then nickel and dime stuff as it comes up. I've had this one for 2 years now, and all tolled, I have about $6000 in it. That includes MS2 and a home built supercharger, wheels etc…
It was waaaaaay easier for me to come up with a couple grand and $200 at a time to fix little stuff than $6000 up front.
Good luck.
I paid $1700 for my rust free 1992 vert 5-speed. It leaked everything and the motor felt abused. I put new suspension (billies and bavauto sport springs and control arms yada yada) and a new motor and trans (junk yard) in it for about $1500 more. Then nickel and dime stuff as it comes up. I've had this one for 2 years now, and all tolled, I have about $6000 in it. That includes MS2 and a home built supercharger, wheels etc…
It was waaaaaay easier for me to come up with a couple grand and $200 at a time to fix little stuff than $6000 up front.
Good luck.

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