Property Details
Upcoming Open Houses
About this Property
Historic Gem with Mills Act Potential Rare opportunity to acquire a designated historic property at 2629 Island Ave in the heart of San Diego's vibrant Little Italy/Bankers Hill corridor. This home offers significant upside for the right investor or owner-user. Key Highlights: Mills Act Eligible: Potential property tax savings of 40-60% annually through San Diego's historic preservation program Proven Income History: Former short-term rental generating $6,000/month gross income Prime 92101 Location: Walking distance to downtown, waterfront, restaurants, and entertainment Current Status: Property has outstanding code violations from recent remodeling work that must be resolved by buyer. Sold strictly AS-IS. Cash or hard money financing required - no conventional or FHA/VA loans. Ideal For: Experienced investors comfortable with code compliance issues Buyers seeking Mills Act tax advantages Those looking to restore a historic property to rental or primary residence This is a unique chance to own a piece of San Diego history while capturing substantial tax benefits. Property priced to reflect current condition and violation resolution costs. Serious inquiries only from qualified cash buyers.
MLS Listing Information
MLS #
CRPTP2600934
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Bedrooms
Other
Appliances
Dryer
Fireplace
None
Cooling
Window/Wall Unit
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 1 Car(s)
Elementary District
San Diego Unified
High School District
San Diego Unified
HOA Fee
$0
Zoning
Single Family
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
2629 Island Ave is a Single Family Residence in San Diego, CA 92102. This 736 square foot property sits on a 0 Sq Ft Lot and features 1 bedrooms & 1 full and 1 partial bathrooms. It is currently priced at $300,000 and was built in 1920. This address can also be written as 2629 Island Ave, San Diego, CA 92102.
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This listing information is up-to-date as of February 06, 2026. For the most current information, please contact Joshua Massieh, (619) 673-9392
