1040 W Redwood St San Diego, CA 92103
Middletown NeighborhoodEstimated payment $13,653/month
Total Views
1,762
4
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,368
Year Built
- Built in 1942
Interior Spaces
- 2-Story Property
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 451-543-05-00
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Pending | -- | -- | -- |
| 07/14/2025 07/14/25 | For Sale | $2,275,000 | -- | -- |
Source: San Diego MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $156,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $255,000 | Commercial | |
| Previous Owner | $100,000 | Seller Take Back |
Source: Public Records
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250033412
APN: 451-543-05
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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, noncommercial 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 © 2025 San Diego MLS.
Nearby Homes
- 1040-42 W Redwood St Unit 5
- 3109 Hawk St
- 3160 Goldfinch St
- 1313 Terracina Ln
- 1295 W Redwood St
- 3231 Hawk St
- 3243-45 Columbia St
- 3320 Horton Ave
- 2948-54 Reynard Way
- 2805 State St
- 3460 Columbia St
- 3448 Goldfinch St
- 2755 Eagle St
- 3531 Columbia St
- 3430 Kite St
- 2871 Brant St
- 2861 Brant St
- 0 Reynard Way Unit PTP2505859
- 2730 Brant St
- 405 W Nutmeg St