SUBJECT TO CANCELLATION OF CURRENT ESCROW** Rare opportunity to own a piece of San Diego history in the heart of Sherman Heights. This charming historic property offers timeless character, architectural appeal, and the benefits of the Mills Act, resulting in significantly reduced annual property taxes compared to similar homes. Situated on a spacious lot with alley access, the property presents a unique opportunity for homeowners, investors, or those seeking a historic residence with modern potential. Original details blend seamlessly with functional living spaces, creating a home that captures the character of Old San Diego while remaining practical for today’s lifestyle. Conveniently located near Downtown San Diego, Petco Park, the Gaslamp Quarter, major freeways, restaurants, shopping, and entertainment. Whether you’re looking for a primary residence, investment property, or historic landmark to call home, 2629 Island Avenue offers a rare combination of location, character, and long-term tax savings through the Mills Act program. Buyer to verify all information, including Mills Act benefits, zoning, and property use potential prior to close of escrow. 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.