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$ 1,199,000
Est. payment /mo
Active
6497-99 Montezuma Rd San Diego, CA 92115
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260007270
Bedrooms 4
Full Baths 4
Year Built 1984
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-4-10
Interior
Cooling Other/Remarks
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 467-222-08-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Special Listing Condition N/K, Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/260007270
Listed by Daniel A Sipher, DRE#02043589 Landmark Multifamily and Development
NEARBY SCHOOL & BUSINESS