My friend had a
Lancer 30 that we spent a bit of time on. I certainly wouldn't qualify it as a "blue
water cruiser" by any means. If I wanted an inexpensive boat for harbor cruising and maybe going to
Catalina with every year or two, the Lancer might be a choice.
In the
price range you're probably looking, check for an
Ericson. They're built very well, and if you hunt and peck in the mid 1970's, you can find some nice deals on the 32's +.
I really should second Chuck's comments though; it was not something you'd want to be on too long. They were built, if memory serves, quite cheaply down in
Mexico, in order to fill the low
budget price point when sailing was really popular. I might be totally nuts in that memory, but it sounds familiar.