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Property view

6497 99 Montezuma Rd, 
San Diego, CA 92115

$1,200,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Sold

Listed by

Daniel Sipher

Bought with Discovery Property Group Inc

Landmark Multifamily And Development

408-368-5225

MLS#

260007270SD

Source:

CRMLS

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About This Home

6497 99 Montezuma Rd

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.

Home Facts

Multi-Family

Built in 1984

Price Summary

1,199,000

MLS #:

260007270SD

Sold:

June 4, 2026

Structure

Structure

Year Built:

1984

Finances & Disclosures

Finances

Price:

$1,199,000

Source:CRMLS
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