NOT LISTED FOR SALE

1040-42 W Redwood St San Diego, CA 92103

Middletown Neighborhood

Estimated Value: $1,810,000 - $2,218,000

4 Beds
2 Baths
2,130 Sq Ft
$957/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $1,200,000 $563 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $12,049/month

27 Days on Market

Highlights

  • Bay View
  • Property Near a Canyon
  • Laundry Facilities
  • Grant K-8 Rated A-
  • Fireplace
  • Partially Fenced Property

About This Home

As of March 2022

CALLING ALL DEVELOPERS! RARE OPPORTUNITY AWAITS IN THE HEART OF SAN DIEGOS URBAN CORE! TREMENDOUS PANARAMIC VIEW potential of San Diego Bay & ocean, downtown skyline, Point Loma, Coronado, and More! LOT ZONED RM 2-5 – One Dwelling Unit per 1500 square feet – Lot Size 8,749 – nearly double wide lot with 87 feet of street frontage! Complete Communities Ordinance allows for additional density consideration with habitable GFA increasing from 8,859 to 56,875.

Last Agent to Sell the Property

Nick Emerson

Keller Williams La Jolla License #01897169 Listed on: 01/14/2022

Keller Williams La Jolla

Last Buyer's Agent

Nick Emerson

Keller Williams La Jolla License #01897169 Listed on: 01/14/2022

Keller Williams La Jolla

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,368

Year Built

  • Built in 1942

Lot Details

  • 8,749 Sq Ft Lot
  • Property Near a Canyon
  • Partially Fenced Property

Property Views

  • Bay
  • City Lights
  • Mountain

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Fireplace

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 451-543-05-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $32,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,368

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Redwood and Union
  • Neighborhood: Middletown
  • Stories: 2 Story
  • Sale Price List Price: 0.76
  • Total Stories: 2
  • Year Built: 1942
  • Allow Comments Review: No
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Frontage: Canyon
  • Roof: Tile/Clay
  • View: Bay, City, Evening Lights, Mountains/Hills

Utilities

  • Sewer/Septic: Sewer Connected
  • Heat Equipment: Fireplace

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: MISSION HILLS
  • Complex Features: Laundry Facilities
  • Manager Name: Manager
  • Manager Phone: (619)736-584

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 451-543-05-00
  • Estimated Lot Sq Ft: 8749
  • Estimated Number of Acres: 0.2
  • Map Code Column: J
  • Map Code Page: 1268
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 32980
  • Annual Expense Actual: 11143
  • Gross Rent Multiplier Actual: 35.55
  • Gross Sched Income Actual: 44124
  • Number Of Buildings: 1
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 1993
Sold by
Barinka Stephen
Bought by
Wheeler Mark E and Barinka Margaret A
Current Estimated Value
$2,038,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.24%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wheeler Mark E $156,000 Fidelity National Title
Barinka Stephen -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barinka Stephen John $255,000
Previous Owner Wheeler Mark E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $1,200,000 -23.5% $563 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $1,568,800 -- $737 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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

Agents Affiliated with this Home

  • Nick Emerson

    Seller's Agent in 2022

    Nick Emerson

    Keller Williams La Jolla

    (858) 692-1805

    5 in this area

    102 Total Sales

    Nick Emerson
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Map

Source: San Diego MLS

MLS Number: 220000804

San Diego MLS

APN: 451-543-05

California San Diego County San Diego 92103 Middletown

1040-42 W Redwood St, San Diego, CA

This home is located at 1040-42 W Redwood St, San Diego, CA 92103 since 14 January 2022 and is currently estimated at $2,038,968, approximately $957 per square foot. This property was built in 1942. 1040-42 W Redwood St is a home located in San Diego County with nearby schools including Grant K-8, Richard Henry Dana Middle School, and Roosevelt International Middle School.

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