Don't miss out on this rare multi-family opportunity in Sherman Heights! This stately Victorian is ideally situated on an elevated, corner lot and is just waiting for a savvy buyer/investor to unlock its full potential. With existing benefits such as property tax savings (Mills Act FUNDED!) and a convenient location near downtown San Diego, this property offers many possibilities for growth and improved ROI. The current unit mix includes three two-bedroom residences and a single bedroom residence, all featuring high ceilings, efficient layouts, and plenty of natural light. Explore possibility repurpose a spacious, unfinished 3rd floor which offers sweeping views of San Diego. Lot size could promote possible addition of ADUs as well, all potentials to be explored.
Sold
$1,299,000
2496 Island Ave, San Diego, CA 92102
7beds
--sqft
Res Income 2-4 Units
Built in 1908
-- sqft lot
$1,307,100 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 27, 2025 at 06:35pm
Listed by:
Dino Morabito 01415017 1,
Better Homes and Gardens Real Estate Napolitano & Associates,
Bretton Molenaar DRE# 02026840 757-293-8536,
Better Homes and Gardens Real Estate Napolitano & Associates
Bought with:
Syncletica Maestas, DRE# 01923315
eXp Realty of California, Inc.
Source: SDMLS,MLS#: 240020928

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gravity, Natural Gas
Appliances
- Included: Gas Water Heater, Dishwasher, Range/Oven, Refrigerator
- Laundry: Unit 1 Common Laundry Hookup, Unit 2 Common Laundry Hookup, Unit 3 Common Laundry Hookup, Unit 4 Common Laundry Hookup
Features
- Cable (coaxial)
- Has fireplace: No
Property
Parking
- Details: RV Parking: Other/Remarks
Features
- Levels: Other/Remarks
- Fencing: Other/Remarks
- Has view: Yes
- View description: City, Other/Remarks
- Frontage type: Other/Remarks
- Frontage length: 75
Lot
- Size: 7,192 sqft
- Dimensions: 75 x 95
- Features: Corner Lot
- Topography: Other/Remarks
Details
- Parcel number: 5352421800
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Res Income 2-4 Units
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1908
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & neighborhood
Location
- Region: San Diego
- Subdivision: Sherman Heights
HOA & financial
Other financial information
- Total actual rent: 3773
Other
Other facts
- Listing agreement: Exclusive Right (R)
- Listing terms: Cash,Conventional
Services availability

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Estimated market value
$1,307,100