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 for $1,299,000 on 01/27/25
$1,299,000
2496 Island Ave, San Diego, CA 92102
7beds
--sqft
Multi Family
Built in 1908
-- sqft lot
$1,284,700 Zestimate®
$--/sqft
$3,271 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 04:42am
Listed by:
Dino Morabito DRE #01415017 619-987-3066,
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
Originating MLS: San Diego Association of REALTOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall/Gravity
Cooling
- N/K
Interior area
- Total structure area: 0
Property
Features
- Levels: Other/Remarks
- Pool features: N/K
- Spa features: N/K
- Fencing: Other/Remarks
- Has view: Yes
- View description: City, Other/Remarks
- Frontage type: Other/Remarks
Lot
- Size: 7,125 sqft
- Dimensions: 75 x 95
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
- Roof: Composition
Condition
- Year built: 1908
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & neighborhood
Security
- Security features: N/K
Location
- Region: San Diego
- Subdivision: SAN DIEGO
HOA & financial
HOA
- Services included: N/K
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
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Estimated market value
$1,284,700