225 Redwood Street, Apt 26, San Diego, CA 92103 MAP

1 Bed 1 Baths | 675 Sq. Ft.

$2,175 /mo

Available 5/27/24

(619) 363-3321

Spacious 1Bd/1Ba Redwood Terrace * 55 years or older or Disabled*

Introducing Redwood Terrace, a spacious 1 bedroom, 1 bathroom apartment located in the heart of San Diego, CA. This Conditional Use Permit certified community is perfect for those 55 years and older or individuals with disabilities. With on-site management, on-site laundry, and an elevator for convenience, Redwood Terrace offers a comfortable and hassle-free living experience. Enjoy the proximity to Balboa Park, San Diego Zoo, shopping centers, and more. The pet-friendly community also features a BBQ area for residents. Don't miss out on this great opportunity - contact Kari at (619) 363-3321 to schedule a tour today!

Redwood Terrace is a 37-unit, gated community, in compliance with California’s CUP program with 80% of units available to people aged 55+ or Disabled. Unit 26 is on the 2nd floor.

For more information or to schedule a viewing, please text resident manager Kari McLoughlin at 619-363-3321 or email redwood@stratprop.com.

For more information on this property as well as other STRAT properties, please visit our website at www.stratprop.com.

No utilities are included. Water, trash & sewage is through Multi-family Utility Billing (prorated based on size of unit and occupancy) and added monthly to the tenant ledger. There is no additional storage at Redwood Terrace, however SPMI does have storage facilities that can be located on our website at www.stratprop.com.

Redwood Terrace: https://youtu.be/vc6xoOlU2MM

Pet deposit- 1 pet (cat/dog) $150, 2 pets (cat/dog) $250
Pet rent for dogs- 1 dog $35/month, 2 dogs $50/month (breed restrictions)
Parking space $40/month- when garage space available

Come experience the comfort and convenience of Redwood Terrace today!

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In addition to this rental application, you will also be required to provide a copy of a valid form of identification and proof of income. You must be prepared to provide 3 years of residential history as well as contact information for your rental references. You will also be asked to provide information on your monthly income, and please note that most properties require that applicant combined gross income is at least three (3) times the monthly rent amount.

Each resident over the age of 18 must submit a separate rental application.
Application Fee: $35.00

Selection Policy:
VERIFICATION OF INCOME:
*EMPLOYMENT/ SELF-EMPLOYMENT VERIFICATION: We must be able to verify current legal income which may or may not be from employment. Current pay stubs or Leave and Earnings Statement will be required.
*FINANCIAL ASSISTANCE: Social Security, SSI, disability, AFDC income, and other types of financial assistance must have supporting documents if such income is to be included in gross income.
*OTHER INCOME: We will consider written verification of all other types of legal income including, but not limited to Court Orders for Child and/or Spousal Support, together with current bank statements or previous year’s income tax return; proof of payment from retirement accounts or funds; or any other type of legal, verifiable income.
*INCOME REQUIREMENTS: Gross monthly income must be 2½ times the amount of your apartment rent.

RENTAL HISTORY:
Applicants must have six (6) months third party rental history. This means that you must have rented from someone other than a family member and/or friend, and that your previous landlord can verify that you were a party who was obligated to pay rent under a written or oral agreement/lease.

**Applicants must not have been evicted pursuant to an unlawful detainer proceeding within the last seven (7) years.**

We will conditionally accept persons who have not established rental history with a month-to-month rental agreement for the first six (6) months and will offer such persons a lease at the end of the six (6) months period, provided there are no notices for non-payment of rent or rules violations. An additional security deposit equal to one (1) month’s rent will also be required for a guarantor.

CREDIT HISTORY:
*Applicants must have satisfactory credit history. Satisfactory is defined as the following: No collection accounts for more than $2,000.00. Medical debt is excluded. Applicants with more than $2,000.00 in collections must have a guarantor that can meet his or her obligations as well as the rental obligations of the resident. This means that the guarantor must have a rent-to-income ratio of not less than three (3) times the monthly rent. Additionally, the guarantor must satisfy all the resident credit criteria as well.
*Any bankruptcy must be discharged at time of application.
*Applicants with negative credit history may be considered with a guarantor upon senior management approval. Accounts in default that are over three (3) years old will be considered with evidence of reestablished credit reflecting no late payments.

*Any applicant with felony criminal or eviction records less than 7 years old is automatically denied for rental. **

CREDIT SCORE with ADDITIONAL ITEMS -APPROVAL TERMS
Credit score above 650 with no criminal, eviction, or collection items. -Standard deposit amount.
Credit score below 650 with no criminal, eviction, or collection items. -1.5 times the deposit amount. (After July 1, 2024 will require standard deposit and co-signor/guarantor)
Credit score below 650 With any misdemeanor criminal or collection items. -2 times the deposit amount. (After July 1, 2024 will require standard deposit and co-signor/guarantor)

Guarantor/Co-signer Requirements: Applicants whose results do not meet the approval standards may have a guarantor/co-signer. The guarantor/co-signer must have a gross monthly income of 2.5 times the rental rate and satisfy the credit requirements. Guarantors/co-signers must submit an application and will be required to sign the Lease Agreement, including the Guarantee of Lease Agreement Addendum.