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.
MLS #
SD250033412
MLS Source
San Diego MLS
Cooling
Other
Roof
Other
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 2 | 1/0 | – |
| 2 | – | 2 | 1/0 | $2,900 |
1040-1042 Redwood Street is a Duplex in San Diego, CA 92103. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,050,000 and was built in 1942. This address can also be written as 1040-1042 Redwood Street, San Diego, CA 92103.
©2025 San Diego MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Diego MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of October 06, 2025. For the most current information, please contact Aaron Bove, (858) 945-7094