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1040-1042 W Redwood St

San Diego, CA 92103
  • $1,920,000
  • STATUS: ACTIVE
  • ON SITE: 112 Days
  • ID#: 210023228
UPDATED: 61 min ago
$1,920,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,130
    SQFT
  • $901
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Ratings & Info

Description

Welcome to Redwood! A Massive Opportunity on a Mission Hills duplex that could be potentially developed into 6 units with Pacific Ocean & San Diego Bay views! On the market for the first time in several decades; this hillside investment opportunity cash flows immediately but can also be developed into a larger apartment lot; demanding large rents on one of the most expensive and sought after streets in South Mission Hills known for 3-5 Million Dollar homes. Shown with accepted offer only. Inquire for more info on development.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/120493479
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1040-1042 W Redwood St San Diego, CA 92103

  • Price: $1,920,000
  • Status: ACTIVE
  • On Site: 112 Days
  • Updated: 61 min ago
  • ID#: 210023228
4
Beds
2
Baths
0
½ Baths
0.2
Acres
2,130
SQFT
$901
$/SQFT
1942
Built
Neighborhood:
Middletown
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Welcome to Redwood! A Massive Opportunity on a Mission Hills duplex that could be potentially developed into 6 units with Pacific Ocean & San Diego Bay views! On the market for the first time in several decades; this hillside investment opportunity cash flows immediately but can also be developed into a larger apartment lot; demanding large rents on one of the most expensive and sought after streets in South Mission Hills known for 3-5 Million Dollar homes. Shown with accepted offer only. Inquire for more info on development.
Exterior Features

Exterior Stucco Fencing Partial Frontage Canyon Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Detached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Roof Tile/Clay Site Public Street Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2 View BayCityEvening LightsMountains/HillsOcean

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Fireplace Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0

Property Features

Actual Cap Rate 1.5 Age Restrictions N/K Annual Expense Actual 14120 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Mission Hills Complex Features Laundry Facilities Complex Park N/A Cross Streets Redwood And Union Gross Rent Multiplier Actual 45.21 Gross Scheduled Income Actual 44124 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays Cable TvElectricity Terms CashConventional Unit Number For Unit1 1040 Unit Number For Unit2 1042 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 1827.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 1850.0

Listing provided courtesy of Compass. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101