112 120 E Redwood Street,San Diego, CA 92103
San Diego, CA 92103
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. 4 garaged spaces 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.
Details
| MLS # | 260011969SD |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 104 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties | Gregg Neuman |
Features
| Story(s) | 1 |
|---|---|
| Units | 3 |
| Building(s) | 2 |
| Zoning | R-3:RESTRI |
| Acreage | 0.12 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Drip Irrigation Bubblers, Sprinkler System |
| Fencing | Partial |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92103 |
| Area | 92103 Mission Hills |
| Community Name | San Diego |
| Listing VS Median (in San Diego) | |
Price: $2,799,900 low | high Med: $0 On site: 104 low | high Med: | |
Market Activity 92103
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92103 |
| Area | 92103 Mission Hills |
| Community Name | San Diego |
| Listing VS Median (in San Diego) | |
Price: $2,799,900 low | high Med: $0 On site: 104 low | high Med: | |
 | $2,500,000106 Thorn StSan Diego, CA 92103 |