1040-1042 W Redwood Street, San Diego, CA 92103

Offer Price:

$2,450,000

Zoning:

RM-2-5

Permits:

Preliminary Review Tentative Map

APN:

451-543-05-00

Lot Size:

0.20 AC

Status:

Active

Submarket:

Mission Hills

Property Type:

Apartments, Land

Strategy:

Value-Add

Located in the prestigious Mission Hills neighborhood, 1040-42 Redwood Street offers a rare opportunity for investors and developers to acquire a prime infill site in one of San Diego’s most desirable urban submarkets. Spanning approximately 8,749 SF (0.2 AC) with dimensions of 87.5’ x 100’, the property currently features a duplex with garage and generates $5,700/month in existing income.

Zoned RM-2-5 with a CCHS Tier 3 overlay, the site supports high-density residential development with a 6.5x FAR bonus potential, allowing for substantial vertical buildout—up to five stories, per FAA clearance. With historical review clearance, completed fault study, and geotechnical field work, key development milestones have already been addressed.

Mission Hills continues to experience strong growth, driven by its blend of historic charm, walkability, and proximity to major employment centers, retail corridors, and transit access. This offering is ideal for those seeking to capitalize on the area’s enduring appeal and development upside in a premier San Diego location.

 

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Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094