112-120 E Redwood Street, San Diego, CA 92103

• 6 beds |
• 5 baths

Property Description

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.

Listing Status:

Active

Date Added:

May 17, 2026

Data Last Updated:

May 20, 2026 at 9:11PM

Listing Office:

Berkshire Hathaway HomeServices California Properties : 619-595-7020

Listing Agent:

Gregg R Neuman : 619-595-7025

MLS ID:

260011969

Interior

• A/C: Central Forced Air
• Heating: Forced Air UnitNatural Gas

Construction

• Roofing: Composition
• General: StuccoWood1 Story

Location

• Originating MLS: SDMLS
• County: San Diego

Lot

• Zoning: R-3:RESTRI452-612-05-00
• View: BayCityEvening Lights
• Fencing: Partial

Utilities

• Utilities: Sewer Connected
• Water: Meter on Property

Financial

• Source: SDMLS