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Banker's Hill Triplex Investment Opportunity

120 E Redwood St San Diego, CA 92103

120 E Redwood St, San Diego, CA, 92103
$2,799,900
For Sale
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$2,799,900

Rare 3-unit property in sought-after Banker's Hill neighborhood.

Lot Size0.12 Acres
AddedMay 20
Days on Market57
Last RefreshJul 2 at 5:50 pm

Property Features for 120 E Redwood St

General Information

Standard status
Active
Lot size
0.12 Acres
Property subtype
Investment

Building Details

Year Built
1936

Listing office

Listing date May 20, 2026

Source Elliman

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 Caroline Singer


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 Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Food Market Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Mobile Phone Store (Bike/Boat/Book/etc) Store Supermarket Restaurant Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 120 E Redwood St 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.**
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