Banker's Hill Triplex Investment
For Sale
$2,799,900
112 120 E Redwood Street, San Diego, CA 92103
Rare 3-unit property in sought-after Banker's Hill neighborhood.
Property SizeContact for details
Lot Size0.12 Acres
Days on Market108
Property Features for 112 120 E Redwood Street
General Information
Standard status
Active
Lot size
0.12 Acres
Property subtype
Multi-family
Building Details
Year Built
1936
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(619) 595-7020
Listed By:
Gregg Neuman
(714) 497-3550
Source:
Sevengables
Added: May 15
Changed: Aug 28
Last Checked: Aug 29 at 10:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This rare 3-unit Banker's Hill property is available for the first time in 22 years. It is designed for the live-in investor or multi-generational families seeking separate living spaces. Unit #120, located on the top floor, features 2 bedrooms and 2 bathrooms within 909 square feet, including PIRCH-sourced improvements such as a marble-walled gas fireplace, a chef's kitchen with Liebherr and Bosch appliances, a wine cooler, a skylight, a spa-caliber primary bath, and a private yard. Unit #112, located on the lower level, offers 2 bedrooms, 2 bathrooms, and 1,243 square feet of living space, while upper-corner unit #116 includes 2 bedrooms, 1 bathroom, and 1,216 square feet. Both units #112 and #116 feature two flexible bonus rooms, renovated kitchens, Carrara marble baths, restored hardwoods, wooden shutters, and air conditioning, and offer bay and sunset views. The property includes lush landscaping on a 5,236 square foot lot. The property is located steps from Balboa Park, Little Italy dining, and the bay. The location provides immediate access to the I-5 and the 163, and a quick drive to the airport, Gaslamp, and the Coronado Bridge. The property has a bike score of 63, a transit score of 67, and a walk score of 98.
Key Highlights
- Rare 3‑unit investment property in desirable Banker's Hill location, available for the first time in 22 years.
- Potential for high rental income: current rents $3,850/mo per unit with projected market gross of $17,000/mo, plus Airbnb upside.
- Top‑floor unit (#120) features $280K in high‑end PIRCH‑sourced improvements, including a chef's kitchen, spa‑caliber bath, and private yard.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Rare 3-unit property in sought-after Banker's Hill neighborhood.
Where is this triplex located?
The property is located at 112 120 E Redwood Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,799,900.
What are key features of this property?
This property features: Rare 3‑unit investment property in desirable Banker's Hill location, available for the first time in 22 years.; Potential for high rental income: current rents $3,850/mo per unit with projected market gross of $17,000/mo, plus Airbnb upside.; Top‑floor unit (#120) features **$280K in high‑end PIRCH‑sourced improvements, including a chef's kitchen, spa‑caliber bath, and private yard.**
