112-120 E Redwood Street

San Diego, CA 92103

Rare 3-unit Banker's Hill investment, on the market for the first time in 22 years: engineered for the live-in investor who wants two rental incomes assisting with any mortgage payment while occupying a designer-finished home. 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, wood 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. Banker’s Hill is one of San Diego’s most sought-after uptown neighborhoods, perched on the bluff between Balboa Park and the bay with Hillcrest just to the north and Little Italy steps to the south. The 112 to 120 Redwood Street homes sit on the quieter, west-facing side of this affluent enclave, where tree-lined streets, historic Craftsman and Victorian architecture, and modern luxury builds combine to create a walkable lifestyle that’s hard to replicate anywhere else in the city. Owners here trade the typical suburban routine for morning walks through Balboa Park’s 1,200 acres of museums, gardens, and trails, evenings at neighborhood staples like Cucina Urbana and Mister A’s, and weekend strolls across the historic Spruce Street Suspension Bridge or down the hill to Little Italy’s Saturday farmers market. With sweeping views toward the bay, Coronado, and the Downtown skyline, immediate access to the I-5 and the 163, and a quick drive to the airport, Gaslamp, and the Coronado Bridge, Redwood Street delivers the rare combination buyers chase in central San Diego: a quiet residential street, an elevated city perspective, and a neighborhood that genuinely upgrades daily life. Vimeo walk through tours - https://vimeo.com/1190820535 for unit 120 and https://vimeo.com/1191969407 for units 112 & 116.

Listed by Gregg R Neuman of Berkshire Hathaway HomeServices California Properties (619) 595-7025



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS®.

Last checked 2026