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Listing Details

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On Site
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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. Sewer: Sewer Connected Unit # for Unit 1: 1040 Unit # for Unit 2: 1042 Number of Furnished Units: 0 Frontage: Canyon

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T17:27:21.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/120494393
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1040 1042 W Redwood St San Diego, CA 92103

  • Price: $1,995,000
  • Status: Active
  • Updated: 74 min ago
  • ID#: 210023228
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Beds
0
Baths
0
½ Baths
0.2
Acres
1942
Built
Neighborhood:
Mission Hills
County:
San Diego
Area:
92103 - Mission Hills
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. Sewer: Sewer Connected Unit # for Unit 1: 1040 Unit # for Unit 2: 1042 Number of Furnished Units: 0 Frontage: Canyon
Exterior Features

Fencing Partial Parking Total 0 View BayOcean View YN Yes

Interior Features

Cooling None Cooling YN No Heating CombinationNatural Gas Heating YN Yes

Property Features

Association Fee 0 Cap Rate 1.5 Gross Scheduled Income 44124 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 30281 Senior Community YN No Tenant Pays Cable TvElectricity

Listing provided courtesy of Mia Tidwell of Compass and Seth Obyrne of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T17:27:21.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505