1040-1042 W Redwood St., Mission Hills, CA 92103 - 210023228 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1040-1042 W Redwood St.
Mission Hills, CA 92103

Active, Multi-Family/Income Sale

For Sale

$1,920,000 $901.41 per sqft

Free Professional CMA

Listing ID : 210023228

  • Beds

    4
  • Baths

    2/0
  • Garage

    2
  • Structure

    2,130 Sqft
  • Year

    1942

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.

Details

Type: Multi-Family/Income Sale 
Subdivision: Mission Hills 
MLS Area: Metro Uptown 
County: San Diego 
Tax ID: 4515430500
Building Name: N/a 
Building Size: 2,130 SqFt 
Cap Rate: 1% 
Net Operating Income: $30,281 
Days on Market: 412 
Appliances: Range/Oven, Refrigerator 
No. of Fireplaces: 1 
Heating: Natural Gas, Fireplace(s) 
Number of Units: 2 
Property Type: Residential Income 
Roof: Tile 
Sub Type: Multi Family 

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Interactive

32.737228 -117.172409 $1,920,000 210023228
1040-1042 W Redwood St., Mission Hills, CA 92103
Directions to here from:

Area Information 92103

Population:

33,955 Up .07% since 2010
Average Income:
$113,313
Average Age:
42Years
Gender:
51.94%Male
48.06%Female
Households:
19,4509.17% with children
Average Value:
$1,063,882
Occupancy:
31.39%Owned
68.61%Rented
5.49%Vacant
Education:
9.29%High School
8.62%Associate
34.09%Bachelor
26.55%Graduate
Average Residency:
19Years
Crime Rate:
Above Average
Annual Rainfall:
11.36Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Below Average
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Dec 16, 2021
Transaction
Cancelled - Residential Income210023228
Price
$1,920,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Mia Tidwell with Compass