Banker's Hill Triplex Investment
120 E Redwood St, San Diego, CA 92103
New
Rare 3-unit property in sought-after Banker's Hill neighborhood.
Type:Investment
Lot size:
0.12 Acres- Added:
- May 20, 2026
- Days on Market:
- 7
- Last Refresh:
- May 20 at 1:32 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 agent Caroline Singer (619) 595-7025
Listing office (619) 595-7025
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
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.
- Ideal for live‑in investor or multi‑generational families, offering separate living spaces with rental income potential.
- Each unit includes renovated kitchens, Carrara marble baths, restored hardwoods, wooden shutters and AC, plus flexible bonus rooms in two units.
- Prime location with a walk score of 98, steps to Balboa Park, Little Italy, and bay views, offering easy access to amenities and transportation.
Overview
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.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.1636867
- Latitude
- 32.7378327
Nearby Similar for Sale
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.**
