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… Read More 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. Read Less
Listing Snapshot
Days Online
12
Last Updated
Property Type
SingleFamilyResidence
Beds
1
Full Baths
1
Partial Baths
1
Square Ft.
736
Year Built
1920
MLS Number
PTP2600934
Additional Details
Appliances & Equipment
Dryer
Building
Built in 1920, Living area: 736.0, 2 stories, Levels: Two, Entry level: 2, Entry location: Front
Community
1 units in community, Sidewalks
Cooling
WallWindowUnits
Fireplaces
None
Garage
1 spaces
Home Owner's Association
Association Fee: $0
Interior Features
AllBedroomsUp
Laundry
ElectricDryerHookup
Lot
0 acres, Item01UnitAcre
Parking
1 total parking spaces
Pool
None
Property
CityLights, Ocean, Panoramic
Sewer
PublicSewer
Taxes
Parcel Number: 5352830700, Zoning: Single Family
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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