Redwood Terrace · Apartments for Rent

***Must meet CUP requirement of either age 55 or old, or have a qualifying disability*** Welcome to Redwood Terrace Apartment #34, a spacious, open floor plan, 1Bd/1Ba apartment located in the heart of San Diego, CA. This third-floor unit offers a stunning view of Maple Canyon from the comfort of your own private balcony. The apartment is nestled in a 37-unit gated community in the desirable Banker's Hill neighborhood, ensuring your peace of mind. The unit is equipped with modern amenities such as A/C, a cozy fireplace, in unit stackable washer & dryer, and ceiling fans for your comfort. The building also features an elevator for easy access and on-site management for any immediate needs. This smoke-free apartment is pet-friendly, welcoming dogs upon approval. Experience the perfect blend of comfort, convenience, and style at Redwood Terrace. Redwood Terrace –1 Bed / 1 Bath (Second Floor, Unit #34) Must meet CUP requirement: 55+ or Disabled 225 Redwood St., San Diego, CA 92103 Community Features: – Smoke-free property – On-site laundry and management – Community BBQ area – Street parking (garage $40/month when available) – Easy access to public transit, downtown, and shopping Pet Policy: – Dogs welcome (breed restrictions apply) – 1 dog: $35/month | 2 dogs: $50/month **Depending on credit, pet deposit for a single dog or cat is $150, deposit for 2 pets (dog/cat) $250** Utilities: – All utilities paid by tenant – Water, trash, and sewage billed via RUBS (based on occupancy & unit size) – Off-site storage options: www stratprop com RENT & LEASE TERMS - Application Fee: $35 per adult (18+) - 12- month lease Rental Requirements: Each resident over the age of 18 must submit a separate rental application. Application Fee: $35 Income: Must meet 2.5x rent (Section 8/VASH applicants considered based on portion of rent). QUALIFYING CRITERIA -CUP-0542 Requirements: Age 55+ or Disability: 80% of our residents must be 55+ years old or disabled -- Qualifying Disability per SDHC for CUP: *Supplemental Security Income (SSI) benefits letter, or *MediCal Recipient for Age, Disability, or Blindness, or *In-Home Supportive Services Recipient Letter, or *Letter of Disability from the Access to Independence for the Disabled or VA To qualify, applicants must have a minimum 650 credit score, gross monthly income of at least 2.5x the rent, no recent evictions, no landlord debt in the past 7 years, no negative rental history, no negative utility accounts, and minimal collections. All applicants must be 18 or older. Applicants who do not meet all criteria may be considered with a strong guarantor. Credit Requirements: ON APPROVED CREDIT -Credit Score - Additional Items - Approval Terms --Above 700 - No criminal, eviction, or collection items. - Deposit 50% of rent --Between 699- 650 - No criminal, eviction, or collection items. - One month’s rent --Below 650 - With any misdemeanor criminal or collection items. - One month’s rent with cosigner APPLICANT INCOME AND FINANCIAL VERIFICATION STANDARDS - Income Requirements -- Applicants must demonstrate gross monthly income equal to at least two and one-half (2.5) times the monthly rent unless otherwise required by ownership, affordable housing regulations, or program guidelines. -- All income must be legal, verifiable, and reasonably expected to continue. -- Management reserves the right to request additional documentation, deny unverifiable income, and independently verify any information provided by t..