2629 Island Ave, San Diego, CA 92102

• 1 bed |
• 2 baths |
• 736 sqft

Property Description

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.

Listing Status:

Active

Date Added:

February 5, 2026

Data Last Updated:

February 15, 2026 at 7:11AM

Listing Office:

Joshua Daniel Massieh : 619-673-9392

Listing Agent:

Joshua Massieh : 619-673-9392

MLS ID:

PTP2600934

Interior

• Appliances: Dryer
• Laundry: Electric
• A/C: Wall/Window
• Fireplace: N/K

Exterior

• Pool: N/K
• Parking: Parking spaces: 1

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRP
• School District: San Diego Unified School Distric
• County: San Diego

Lot

• Zoning: Single Fam5352830700
• View: OceanPanoramicCity Lights

Utilities

• Sewer: Public Sewer

Financial

• Source: CRP