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.
- Swimming Pool:
- N/K
- Cooling System:
- Wall/Window
- Fireplace:
- N/K
- Laundry Features:
- Electric
- Sewer:
- Public Sewer
- Appliances:
- Dryer
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Zipcode:
- 92102
- Street:
- Island Ave
- Street Number:
- 2629
- Longitude:
- W118° 51' 45.2''
- Latitude:
- N32° 42' 37.3''
- Directions:
- **FROM SAN DIEGO INTERNATIONAL AIRPORT (LINDBERGH FIELD):** Head east on Harbor Dr toward Pacific Hwy. Turn left onto Pacific Hwy. Continue to Laurel St, turn right. Follow Laurel St east, turn left onto India St. Turn right onto Ivy St, then left onto Columbia St. Turn right onto Island Ave. Destination will be on your right. (Approx. 2.5 miles, 7-10 minutes) **FROM DOWNTOWN SAN DIEGO (GASLAMP QUARTER):** Head northwest on 5th Ave toward Market St. Turn right onto Market St, continue to Columbia St. Turn left onto Columbia St, then right onto Island Ave. Destination will be on your right. (Approx. 1.5 miles, 5-8 minutes) **FROM LA JOLLA:** Take Torrey Pines Rd south to I-5 S. Continue on I-5 S toward Downtown. Take exit 17 for Front St. Turn right onto Front St, left onto Laurel St, right onto India St, right onto Ivy St, left onto Columbia St, then right onto Island Ave. (Approx. 15 miles, 20-25 minutes) **FROM MISSION VALLEY:** Take I-8 W toward Ocean Beach. Merge onto I-5 S toward Downtown. Take exi...
- Zoning:
- Single Fam
- Elementary School District:
- San Diego Unified School Distric
- High School District:
- San Diego Unified School Distric
- Middle Or Junior School District:
- San Diego Unified School Distric
- Office Name:
- Joshua Daniel Massieh
- Agent Name:
- Joshua Massieh
- Building Size:
- 736
- Entry Level:
- 2
- Garage:
- 1
- Levels:
- 2 Story
- On Market Date:
- 2026-02-05
- Stories:
- 2
- Stories Total:
- 2
- Virtual Tour:
- https://www.propertypanorama.com/instaview/crmls/PTP2600934
- Co List Office Mls Id:
- CR-DC6031
- Co List Office Name:
- NON LISTED OFFICE
- List Agent Mls Id:
- CRP-810313
- List Office Mls Id:
- CRP-88250
- Listing Term:
- Cash
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2026-02-06T21:40:48Z
- Originating System Name:
- CRP
- Special Listing Conditions:
- Standard
Residential For Sale 1 Bedroom 2629 Island Ave, San Diego, CA 92102 - Scottway - San Diego Real Estate
2629 Island Ave, San Diego, CA 92102
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- PTP2600934
- Price :
- $300,000
- View :
- City Lights,Ocean,Panoramic
- Bedrooms :
- 1
- Bathrooms :
- 2
- Half Bathrooms :
- 1
- Square Footage :
- 736
- Year Built :
- 1920
- Status :
- Active
- Full Bathrooms :
- 1
- Property Sub Type :
- Detached
