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Kelly Coleman

kelly@kellycolemanhomes.com +1(760) 332-8090

$ 2,599,000

Est. payment | -/mo

5,235 Sqft Lot

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$ 2,599,000

Est. payment | -/mo

Save Virtual Tour

5,235 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260021248SD

HOA Y/N No

Year Built 1936

Lot Size 5,235 Sqft

Property 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 $3,725/mo each on month-to-month leases; projected market gross $16,500/mo. 4 garaged spaces of which 3 are 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.

Location

State CA

County San Diego

Area 92103 - Mission Hills

Zoning R-3:RESTRI

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Gas Water Heater

Exterior

Fence Partial

View Y/N Yes

View Bay

Roof Type Composition

Building

Lot Description Drip Irrigation/Bubblers, Sprinkler System

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4526120500

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Gregg Neuman Berkshire Hathaway HomeServices California Properties #00809392

NEARBY SCHOOLS & PROPERTIES

+1(760) 332-8090

kelly@kellycolemanhomes.com

5631 Palmer Way Suite K, Carlsbad, CA 92010, United States

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112 120 E Redwood Street San Diego, CA 92103