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$2,050,000
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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.
Full Property Details
Full Property Details for 1040-42 W Redwood St #5
General
- Sold For: $2,050,000
- Status: Closed
- Type: Lots/Land
- Source: SANDICOR
- MLS ID: 250030007
- Added to Site: 223 day(s) ago
Location
- Area: MISSION HILLS (92103)
- County: San Diego
- Subdivision: Mission Hills/Fairway(1862)
- Neighborhood: Mission Hills
Utilities
- Water: Other/Remarks
- Utility Description: Other/Remarks
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,749
- Lot Size: .2
- Irrigation System: Other/Remarks
- Zoning: RM-2-5
- Fencing (Description): Partial
Financial Considerations
- Lot Price Per Sq. Ft.: $10,250,000
- Terms: Cash, Conventional, Exchange
Disclosures and Reports
- Property ID: 451-543-05-00
Listed and Sold by Marcus & Millichap (818) 212-2250, Aaron Bove
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Schools
Schools serving 1040-42 W Redwood St #5
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Grant K-8 1425 Washington Place, San Diego, CA 92103 | K-8 | 0.8 mi |
Florence Elementary School 3914 First Avenue, San Diego, CA 92103 | K-5 | 0.9 mi |
Washington Elementary School, San Diego, CA 1789 State Street, San Diego, CA 92101 | K-5 | 1 mi |
Roosevelt International Middle School 3366 Park Boulevard, San Diego, CA 92103 | 6-8 | 1.4 mi |
Correia Middle School 4302 Valeta St., San Diego, CA 92107 | 7-8 | 3.6 mi |
Point Loma High School 2335 Chatsworth Boulevard, San Diego, CA 92106 | 9-12 | 3.1 mi |
Dana Middle School 1775 Chatsworth Boulevard, San Diego, CA 92106 | 5-6 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1040-42 W Redwood St #5
Date
Details
Price
Change
Source
10/02/2025
Sold
$2,050,000
-9.89%
MLS
7/14/2025
Price Reduced
$2,275,000
-7.14%
MLS
6/09/2025
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1040-42 W Redwood Street #5, San Diego, CA 92103 (MLS# 250030007) is a Lots/Land property that was sold at $2,050,000 on October 02, 2025. Want to learn more about 1040-42 W Redwood Street #5? Do you have questions about finding other Lots/Land real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

