A rare 3-unit Banker’s Hill investment, available for the first time in 22 years. Designed for the live-in investor: settle into a designer-finished home while two rental units help assist with the mortgage. Also ideal for multi-generational families seeking separate yet connected living spaces under one roof. Top-floor #120 (2BR/2BA, 909sf) carries $280K in PIRCH-sourced improvements: full marble-walled gas fireplace, Liebherr/Bosch chef’s kitchen with wine cooler and skylight, spa-caliber primary bath, and a private yard. Lower #112 (2BR/2BA, 1,243sf) and upper-corner #116 (2BR/1BA, 1,216sf) each add two flexible bonus rooms, renovated kitchens, Carrara marble baths, restored hardwoods, wooden shutters, AC, and bay/sunset views. Current rents $3,850/mo each on month-to-month leases; projected market gross $17,000/mo. Three single garages currently bundled with the units and available to unbundle for added income. Strong Airbnb upside: live in one, rent the other two short-term. Lush landscaping on a 5,236 sf lot, steps to Balboa Park, Little Italy dining, and the bay.
- Heating System:
- Forced Air Unit
- Cooling System:
- Central Forced Air
- Fence:
- Partial
- Utilities:
- Sewer Connected
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Community:
- SAN DIEGO
- Zipcode:
- 92103
- Street:
- Redwood Street
- Street Number:
- 112-120
- Longitude:
- W118° 50' 10.5''
- Latitude:
- N32° 44' 16.1''
- Mls Area Major:
- Metro Uptown
- Street Dir Prefix:
- E
- Zoning:
- R-3:RESTRI
- Office Name:
- Berkshire Hathaway HomeServices California Properties
- Agent Name:
- Gregg R Neuman
- Building Size:
- 3368
- Construction Materials:
- Stucco, Wood
- Levels:
- 1 Story
- Lot Size Dimensions:
- 51x102
- Number Of Units Total:
- 3
- On Market Date:
- 2026-05-17
- Stories Total:
- 1
- Virtual Tour:
- https://vimeo.com/1190820535
- Water Source:
- Meter on Property
- Co List Agent Full Name:
- Caroline Singer
- Co List Agent Mls Id:
- 623506
- Co List Office Mls Id:
- 68677
- Co List Office Name:
- Berkshire Hathaway HomeServices California Properties
- List Agent Mls Id:
- 601338
- List Office Mls Id:
- 68677
- Listing Term:
- Cash,Conventional,FHA,VA
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2026-05-21T17:49:59Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
112-120 E Redwood Street, San Diego, CA 92103
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 260011969
- Price :
- $2,799,900
- View :
- Bay,City,Evening Lights
- Bedrooms :
- 6
- Bathrooms :
- 5
- Year Built :
- 1936
- Status :
- Active
- Full Bathrooms :
- 5
- Property Sub Type :
- Res Income 2-4 Units
- Roof:
- Composition
