6497-99 Montezuma Rd, San Diego, CA 92115

San Diego
Local realty services provided by:ERA Donahoe Realty
6497-99 Montezuma Rd,San Diego, CA 92115
$1,199,000
  • 4 Beds
  • 4 Baths
  • 1,822 sq. ft.
  • Multi-family
  • Active
Listed by: daniel a sipher
Office: landmark multifamily and development
MLS#:260007270
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,199,000
  • Price per sq. ft.:$658.07

About this home

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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Home facts

  • Year built:1984
  • Listing ID #:260007270
  • Added:1 day(s) ago
  • Updated:March 27, 2026 at 09:40 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,822 sq. ft.

Structure and exterior

  • Year built:1984
  • Building area:1,822 sq. ft.
  • Levels:2 Story

Finances and disclosures

  • Price:$1,199,000
  • Price per sq. ft.:$658.07
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