2629 Island Ave, San Diego, CA 92102
Local realty services provided by:ERA North Orange County Real Estate
Listed by: joshua massieh
Office: joshua daniel massieh
MLS#:PTP2600934
Source:San Diego MLS via CRMLS
Price summary
- Price:$550,000
- Price per sq. ft.:$747.28
About this home
Baby Got Back on the market! Subject to cancellation of current escrow. The previous buyer's agent has notified us: "My client has decided to back out of the deal. Tried to make it work, but considering the amount of work and unknown costs, he decided to pull the plug. 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....
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Home facts
- Year built:1920
- Listing ID #:PTP2600934
- Added:54 day(s) ago
- Updated:March 29, 2026 at 02:09 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Living area:736 sq. ft.
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Year built:1920
- Building area:736 sq. ft.
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$747.28
Features and amenities
- Appliances:Dryer
- Laundry features:Dryer, Electric
Parking
- Total parking spaces:1
- Garage spaces:1
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