2629 Island Ave, San Diego, CA 92102
2629 Island Ave, San Diego, CA 92102
2629 Island Ave, San Diego, CA 92102
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Monica Franco

Monica Franco

+1(951) 538-6607
$550,000
Est. payment /mo
1 Bed
2 Baths
736 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 736 sqft

Price per Sqft $747

MLS Listing ID PTP2600934

Bedrooms 1

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1920

Property Sub-Type Single Family Residence

Property Description

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.

Location

State CA

County San Diego

Area 92102 - San Diego

Zoning Single Family

Interior

Interior Features All Bedrooms Up

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Dryer

Laundry Electric Dryer Hookup

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights, Ocean, Panoramic

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Level or Stories Two

Schools

School District San Diego Unified

Others

Senior Community No

Tax ID 5352830700

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2600934

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Listed by Joshua Massieh Joshua Daniel Massieh josh@joshuamassieh.com, DRE #01446864

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Monica Franco

Monica Franco

+1(951) 538-6607

Agent | License ID: 01743095

Agent License ID: 01743095

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