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… Read More 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. Read Less
Listing Snapshot
Days Online
84
Last Updated
Property Type
Other
Lot Size
0.2 Acres
MLS Number
250030007SD
30 Days Snapshot Of 92103
$1.54M
+5%
(avg) sold price
22
-26%
homes sold
82
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Fence
Partial
Lot
0.2008 acres, 8,749 square feet, Size: 8,749
Property
Zoning: RM-2-5
Utilities
SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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