Listing provided courtesy of Daniel Sipher of Landmark Multifamily and Development. Last updated 2026-04-06 08:11:34.000000. Listing information © 2026 CRMLS.
Asking Price: $1,199,000
6497 Montezuma Rd, San Diego CA 92115
Community: 92115 - San Diego
Status: Active
This property was built in 1984 and is priced at $1,199,000. Please see the additional details below.
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.



























