1029 Hayes Avenue

San Diego CA 92103

4338 sq. ft.

Other

Currently for sale - view listing

Overview

ALL SIX UNITS DELIVERED VACANT. This six-unit, all one-bedroom, one-bath building in central San Diego (Mission Hills/University Heights corridor) gives an investor a clean slate: no existing leases to unwind, no legacy rent roll to inherit, and full control over lease-up strategy, unit renovation sequencing, and rent positioning from the first day of ownership. The property carries genuine mid-century character, including vaulted open-beam ceilings and individually metered utilities, and sits in a central, in-demand rental submarket near Hillcrest, Mission Hills, and North Park. Ideal for a value-add investor or owner-user looking to reposition a well-located asset on their own timeline. FINANCIAL DISCLOSURE - SOURCE: SELLER/OWNER 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 owner-occupied usage; gas & electric reflects owner paying all six separately metered units. Property taxes are omitted from actual expenses due to owner's tax-exempt status; Projected Taxes are an estimate at reassessed value. Projected Insurance reflects a market-rate quote. Projected Maintenance is a standard allowance; owner reports no consistent maintenance expense. Projected Trash and Projected Pest Control reflect estimated market-rate service levels; owner-reported 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 buyer's own investigation.