2629 Island Ave Ave, San Diego, CA 92102 (MLS # PTP2600934)

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PRICE $300,000 dsIDX morgage calculator
BEDS 1
BATHS 1.5
HOME SIZE 736 sqft
LOT SIZE 1,743 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 2/5/2026
YEAR BUILT 1920 COMMUNITY 92102 - San Diego
GARAGE SPACES 1.0 COUNTY San Diego
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dryer
AREA 92102 - San Diego
GARAGE Yes
HEAT None
LOT 1742 sq ft
LOT DIMENSIONS 0.04
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
VIEW Yes
VIEW DESCRIPTION City Lights, Ocean, Panoramic
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Listed with Joshua Daniel Massieh

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