1029 Hayes Ave

ALL SIX UNITS DELIVERED VACANT This sixunit all onebedroom onebath building in central San Diego Mission HillsUniversity Heights corridor gives an investor a clean slate no existing leases to unwind no legacy rent roll to inherit and full control over leaseup strategy unit renovation sequencing and rent positioning from the first day of ownership The property carries genuine midcentury character including vaulted openbeam ceilings and individually metered utilities and sits in a central indemand rental submarket near Hillcrest Mission Hills and North Park Ideal for a valueadd investor or owneruser looking to reposition a welllocated asset on their own timeline FINANCIAL DISCLOSURE SOURCE SELLEROWNER RECORDS Property has been owned and occupied by a nonprofit religious organization since 1993 and was never operated as a conventional rental no rental history exists All income figures including Monthly Rent Total are projections at estimated market rents Actual expenses shown are per owner records and reflect owneroccupied usage gas electric reflects owner paying all six separately metered units Property taxes are omitted from actual expenses due to owners taxexempt status Projected Taxes are an estimate at reassessed value Projected Insurance reflects a marketrate quote Projected Maintenance is a standard allowance owner reports no consistent maintenance expense Projected Trash and Projected Pest Control reflect estimated marketrate service levels ownerreported amounts pending final verification Property management expense not included buyer to apply own assumptions Roof replaced approx 2018 and four water heaters replaced approx 2023 per seller All figures approximate Buyer to verify all information and rely on buyers own investigation