San Diego, CA 92103,1040 W Redwood Street
San Diego, CA 92103,1040 W Redwood Street
San Diego, CA 92103,1040 W Redwood Street
San Diego, CA 92103,1040 W Redwood Street
San Diego, CA 92103,1040 W Redwood Street
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$2,050,000

$2,275,000

9.9%
Est.Price: ?

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Est. payment /mo

8,746 Sqft Lot


SOLD DATE : 10/02/2025

Key Details

Sold Price $2,050,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 250030007SD

Sold Date 10/02/25

HOA Y/N No

Lot Size 8,746 Sqft

Property Description

PRICE ADJUSTED... Located in the highly sought-after Mission Hills neighborhood, 1040-42 Redwood Street presents an exceptional opportunity for developers and investors. Situated on an approximately 8,749 SF (0.2-acre) lot with dimensions of 87.5' x 100', this parcel offers flexibility and scale for a wide range of development options. The property currently features a duplex with a garage and is zoned RM-2-5, with a CCHS Tier 3 zoning overlay that allows for a 6.5x Floor Area Ratio (FAR). This zoning configuration, along with FAA clearance for up to 5 stories from grade, provides the framework for significant density—ideal for high-end multifamily or mixed-use projects. Mission Hills is experiencing strong growth, driven by its central location and increasing demand for urban infill projects. The area benefits from the ongoing revitalization initiatives, proximity to major employment hubs, and strong community appeal. The neighborhood's classic charm, combined with modern accessibility, makes this a highly desirable site for long-term value and development upside.

Location

State CA

County San Diego

Area 92103 - Mission Hills

Zoning RM-2-5

Interior

Fireplace No

Exterior

Fence Partial

Utilities Available See Remarks

View Y/N No

Building

Water See Remarks

Others

Senior Community No

Tax ID 4515430500

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

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CRMLS – RECore
Listed by Aaron Bove Marcus & Millichap
Bought with Aaron Bove Marcus & Millichap
Edward Kapanadze

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