5
See all 5 photos
$2,050,000
$2,275,000 9.9%
Est. payment /mo
Sold on 10/02/2025
1040 W Redwood Street San Diego, CA 92103
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Key Details
Sold Price $2,050,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250030007SD
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
Exterior
Fence Partial
Utilities Available See Remarks
View Y/N No
Building
Water See Remarks
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Aaron Bove Marcus & Millichap
Bought with Aaron Bove Marcus & Millichap
Bought with Aaron Bove Marcus & Millichap
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