Pending

2629 Island Ave

San Diego, CA 92102
Mark as Favorite
Bed 1

Bed

Bath 1

Bath

SqFt736

Sqft

Acres0.04

Acre(Lot)

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 d owntown, 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 More Expand

Detail Ic Property Details

Property Type : Residential

Price : $550,000

AD Id : 75068571

MLS Id : PTP2600934

Beds : 1

Lot Size : 0.04 Acre

Living Area Size : 736

Year Built : 1920

Garage : 1

County : San Diego

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 1

    Bathroom Information

    Total Baths: 2 Full Baths: 1 Half Baths: 1

    Water/Sewer

    Sewer: Public Sewer
  • Interior Features

    Interior Features: All Bedrooms Up Property Appliances: Dryer Fireplace: None
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1920
  • Pool Features

    None

    Laundry Features

    Electric Dryer Hookup

  • Lot Size Source: Public Records Lot Size Square Feet: 0.04

  • Listing Price Information

    Original List Price: 550,000 Listing Contract Date: 2026-02-05
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5352830700

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: 92102 - San Diego 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 Family Source Property Type: Residential Area: 92102 - San Diego Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 106 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Vendor Enhanced Total Square Feet Living: 736 Entry Level: 2 Entry Location: Front Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $32,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1817 1819 Oakshire Court, San Diego, CA, 92102 $899,000 4 2 1,420 1,420 SqFt
1051 Cooper, San Diego, CA, 92102 $765,000 3 2 1,430 1,430 SqFt
239 50th Street #35, San Diego, CA, 92102 $425,000 3 2 792 792 SqFt
48-3042 Broadway, San Diego, CA, 92102 $1,950,000 -- -- --
1261 34th St #28, San Diego, CA, 92102 $729,949 2 2 1,214 1,214 SqFt
1103 33rd St, San Diego, CA, 92102 $2,249,999 -- -- 2,550 2,550 SqFt
1403 Fern St, San Diego, CA, 92102 $1,349,000 3 2 1,142 1,142 SqFt
1936 Dale, San Diego, CA, 92102 $1,795,000 -- -- --
19 Evans St, San Diego, CA, 92102 $849,000 4 3 2,000 2,000 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/11/2026 @ 22:39

MLS: PTP2600934 LISTED BY: Joshua Massieh, eXp Realty of Southern Calif. 888-294-1415 SOURCE: CRMLS

Selling? Save $32,501 when you sell a home like this

Tour with a ByOwner Agent