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6497-99 Montezuma Rd

San Diego, CA 92115
  • $1,200,000
  • STATUS: Closed
  • ON SITE: 75 Days
  • ID#: 260007270
Sold - 06/04/2026
$1,200,000
SOLD - 06/04/2026
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

Description

2-unit investment property in San Diego's College Area, offered with a master lease at $7,000/month covering both units. Steps from SDSU's 40,000+ student population, this is a turnkey opportunity in one of San Diego's highest-demand student housing submarkets. The main house delivers 4 beds/3 baths and the studio adds 1 bath — 1,822 SF total on a 4,300 SF lot. Currently in process for RM-4-10 zoning, the site offers meaningful long-term redevelopment potential. Density bonus pathways — including HAP 2.0 and 100% micro-unit programs — provide significant upside for a buyer with a development horizon. Sustained enrollment at SDSU drives consistent rental demand, supporting both near-term cash flow and future student-oriented or multifamily housing development. Strong in-place cash flow with entitlement upside. All zoning, development potential, and unit counts to be verified by buyer.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/174527083
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6497-99 Montezuma Rd San Diego, CA 92115

  • Price: $1,199,000
  • Status: Closed
  • On Site: 75 Days
  • ID#: 260007270
4
Beds
4
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
College Area
County:
San Diego
Area:
San Diego (92115)
Property Description
2-unit investment property in San Diego's College Area, offered with a master lease at $7,000/month covering both units. Steps from SDSU's 40,000+ student population, this is a turnkey opportunity in one of San Diego's highest-demand student housing submarkets. The main house delivers 4 beds/3 baths and the studio adds 1 bath — 1,822 SF total on a 4,300 SF lot. Currently in process for RM-4-10 zoning, the site offers meaningful long-term redevelopment potential. Density bonus pathways — including HAP 2.0 and 100% micro-unit programs — provide significant upside for a buyer with a development horizon. Sustained enrollment at SDSU drives consistent rental demand, supporting both near-term cash flow and future student-oriented or multifamily housing development. Strong in-place cash flow with entitlement upside. All zoning, development potential, and unit counts to be verified by buyer.
Exterior Features

Construction Materials Other/Remarks Fencing Other/Remarks Roof Other/Remarks

Interior Features

Bathrooms Total 4 Cooling Other/Remarks Levels 2 Story

Property Features

Age Restrictions N/K Building Area Total 1822 CFDMello Roos Fee 0 Gross Scheduled Income 84000 List AOR San Diego Association of REALTOR Listing Terms Other/Remarks Lot Size 4000-7499 SF MLSArea Major Metro Uptown Monthly Total Fees 0 Number Of Unitsw Cooling 2 Operating Expense 21000 Other Fees 0 Property Sub Type Res Income 2-4 Units Sale Rent For Sale Security Features Other/Remarks Short Sale False Special Listing Conditions N/KOther/Remarks Subdivision Name SAN DIEGO Tenant Pays Other/Remarks Zoning RM-4-10

San Diego MLS logo Listing provided courtesy of Daniel Sipher of Landmark Multifamily and Development: 408-368-5225. Listing information © 2026 San Diego MLS Inc. Source:


San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2305 Historic Decatur Rd Suite 100
San Diego CA, 92106