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$ 9,000,000
Est. payment /mo
Active
6499 Montezuma Rd San Diego, CA 92115
0.72 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 2600478SD
HOA Y/N No
Lot Size 0.719 Acres
Property Description
Five-parcel assemblage totaling ±0.71 acres in San Diego's College Area, currently in process for RM-4-10 zoning, allowing ~78 units by right. The properties generate over $40,000 per month in in-place income, providing strong carry during entitlement and pre-development. Density bonus pathways offer significant upside, including up to ~102 units under HAP 2.0 or up to ~155 units with a 100% micro-unit program. Existing residential improvements support near-term cash flow with long-term redevelopment potential. Priced at $9M (~$287/SF land), competitive for the submarket given scale, zoning upside, and proximity to SDSU's 40,000+ student population. Well-suited for multifamily or student-oriented housing. OM and Zoning Plan are available in the Documents section.
Location
State CA
County San Diego
Area 92115 - San Diego
Zoning RM-4-10
Interior
Fireplace No
Exterior
Utilities Available See Remarks
View Y/N No
Building
Lot Description Level
Water See Remarks
Others
Senior Community No
Tax ID 4672220800
Virtual Tour https://www.propertypanorama.com/instaview/snd/2600478
Listed by Daniel Sipher Landmark Multifamily and Development