1040-42 W Redwood St Unit 5 San Diego, CA 92103
Middletown NeighborhoodEstimated payment $13,737/month
Highlights
- The community has rules related to allowing live work
- Grant K-8 Rated A-
- Partially Fenced Property
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $15,368
Lot Details
- 8,749 Sq Ft Lot
- Partially Fenced Property
- Property is zoned RM-2-5
Community Details
- The community has rules related to allowing live work
Listing and Financial Details
- Assessor Parcel Number 451-543-05-00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,368 | $1,273,449 | $981,617 | $291,832 |
| 2024 | $15,368 | $1,248,480 | $962,370 | $286,110 |
| 2023 | $15,029 | $1,224,000 | $943,500 | $280,500 |
| 2022 | $2,188 | $177,121 | $87,231 | $89,890 |
| 2021 | $2,173 | $173,649 | $85,521 | $88,128 |
| 2020 | $2,147 | $171,870 | $84,645 | $87,225 |
| 2019 | $2,109 | $168,501 | $82,986 | $85,515 |
| 2018 | $1,973 | $165,198 | $81,359 | $83,839 |
| 2017 | $1,926 | $161,960 | $79,764 | $82,196 |
| 2016 | $1,894 | $158,785 | $78,200 | $80,585 |
| 2015 | $1,867 | $156,401 | $77,026 | $79,375 |
| 2014 | $1,839 | $153,339 | $75,518 | $77,821 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Pending | -- | -- | -- |
| 07/14/2025 07/14/25 | Price Changed | $2,275,000 | -7.1% | -- |
| 06/09/2025 06/09/25 | For Sale | $2,450,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $156,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $255,000 | Commercial | |
| Previous Owner | $100,000 | Seller Take Back |
Source: San Diego MLS
MLS Number: 250030007
APN: 451-543-05
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