Courtesy of Marcus & Millichap 858-945-7094
Located in the heart of Mission Hills, 1040-42 Redwood Street offers a rare blend of existing income and future development upside. The property features a fully rented duplex comprised of two spacious 2-bedroom, 1-bathroom units with a detached garage, generating steady in-place income from day one. Set on an approximately 8,749 SF lot (87.5’ x 100’), the site is zoned RM-2-5 with a CCHS Tier 3 overlay allowing a 6.5x FAR and FAA clearance. Mission Hills continues to see strong growth, supported by its walkability, central location, and proximity to major job centers. With its classic charm and development-friendly zoning, this property is well-suited for investors looking to capitalize on both immediate cash flow and long-term potential.
Located in the heart of Mission Hills, 1040-42 Redwood Street offers a rare blend of existing income and future development upside. The property features a fully rented duplex comprised of two spacious 2-bedroom, 1-bathroom units with a detached garage, generating steady in-place income from day one. Set on an approximately 8,749 SF lot (87.5’ x 100’), the site is zoned RM-2-5 with a CCHS Tier 3 overlay allowing a 6.5x FAR and FAA clearance. Mission Hills continues to see strong growth, supported by its walkability, central location, and proximity to major job centers. With its classic charm and development-friendly zoning, this property is well-suited for investors looking to capitalize on both immediate cash flow and long-term potential.
Multifamily
Res Income 2-4 Units
1942
--
--
--
Pending
27
0 Sq. Ft.
-- Sq. Ft.
Location
- No
Aaron Bove
Marcus & Millichap
San Diego
250033412
Average List Price
$1,392,748
5%
Average Sale Price
$1,373,092
6%
Days on Market
33
16%
Homes Sold
37
179%
Median List Price
$1,150,000
14%
Median Sale Price
$1,130,000
13%
Sale/Price Ratio
99%
2%
Homes for Sale
109
9%
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