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$2,799,900

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 8 days ago
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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. 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.

Full Property Details for 112-120 E Redwood St

General

  • Price: $2,799,900
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 260011969
  • Updated: 5/17/2026
  • Added to Site: 8 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Location

  • Area: MISSION HILLS (92103)
  • County: San Diego
  • Subdivision: SAN DIEGO
  • Neighborhood: Banker's Hill
  • Complex: -

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Central Forced Air
  • Heating Type: Forced Air Unit
  • Heating Fuel: Natural Gas

Utilities

  • Water: Meter on Property
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 2
  • Detached/Attached: Detached
  • Construction: Stucco, Wood
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 3,368
  • Year Built: 1936

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Bay, City, Evening Lights
  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,236
  • Lot Size: .12
  • Lot Dimensions: 51 x 102
  • Irrigation System: Automatic, Drip, Sprinklers
  • Zoning: R-3:RESTRI
  • Fencing (Description): Partial

Water Features

  • Water View: Yes

Financial Considerations

  • Operating Expenses: $40,320
  • Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Disclosures and Reports

  • Property ID: 452-612-05-00

Listed by Berkshire Hathaway HomeServices California Properties (619) 595-7025, Gregg R Neuman and Berkshire Hathaway HomeServices California Properties (619) 595-7025, Caroline Singer

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Listing agents

— 112-120 E Redwood St —

  • Gregg R Neuman

    Berkshire Hathaway HomeServices California Properties

    619-595-7025

  • Caroline Singer

    Berkshire Hathaway HomeServices California Properties

    619-595-7025

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 112-120 E Redwood St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/17/2026
Listed
$2,799,900
99.99%
MLS
11/30/2004
Sold
$1,400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 112-120 E Redwood St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,837
8%
$1,700,000
3%
2023
$20,253
7%
$1,650,000
6%
2022
$18,891
13%
$1,550,000
15%
2021
$16,672
—
$1,350,000
—
2020
$16,640
4%
$1,350,000
4%
2019
$16,054
5%
$1,300,000
—
2018
$15,307
9%
$1,300,000
8%
2017
$14,072
—
$1,200,000
—
2016
$14,124
9%
$1,200,000
9%
2015
$12,953
4%
$1,100,000
5%
2014
$12,413
5%
$1,050,000
5%
2013
$11,862
—
$1,000,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 112-120 E Redwood St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Berkshire Hathaway HomeServices California Properties (619) 595-7025, Gregg R Neuman and Berkshire Hathaway HomeServices California Properties (619) 595-7025, Caroline Singer

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112-120 E Redwood Street, San Diego, CA 92103 (MLS# 260011969) is a Multi-Family property with 3 units containing 6 bedrooms and 5 full bathrooms. 112-120 E Redwood Street is currently listed for $2,799,900 and was received on May 17, 2026. Want to learn more about 112-120 E Redwood Street? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

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