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$ 1,199,000
Est. payment /mo
Active
6497 Montezuma Rd San Diego, CA 92115
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260007270SD
HOA Y/N No
Year Built 1984
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 92115 - San Diego
Building/Complex Name College Area
Zoning RM-4-10
Interior
Cooling See Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4672220800
Virtual Tour https://www.propertypanorama.com/instaview/snd/260007270
Listed by Daniel Sipher Landmark Multifamily and Development #02043589
NEARBY SCHOOL & BUSINESS