6499 Montezuma Rd #28, San Diego, CA 92115

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
6499 Montezuma Rd #28,San Diego, CA 92115
$9,000,000
Virtual Tour
  • 0 Acres
  • Lots / Land
  • Active
Listed by: daniel a sipher
Office: landmark multifamily and development
MLS#:2600478
Source:San Diego MLS via CRMLS

Price summary

  • Price:$9,000,000

About this home

Five-parcel assemblage totaling ±0.71 acres in San Diego’s College Area, currently in process for RM-4-10 zoning, allowing ~78 units by right. The properties generate over $40,000 per month in in-place income, providing strong carry during entitlement and pre-development. Density bonus pathways offer significant upside, including up to ~102 units under HAP 2.0 or up to ~155 units with a 100% micro-unit program. Existing residential improvements support near-term cash flow with long-term redevelopment potential. Priced at $9M (~$287/SF land), competitive for the submarket given scale, zoning upside, and proximity to SDSU’s 40,000+ student population. Well-suited for multifamily or student-oriented housing. OM and Zoning Plan are available in the Documents section.

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Home facts

  • Listing ID #:2600478
  • Added:78 day(s) ago
  • Updated:March 27, 2026 at 02:12 PM

Finances and disclosures

  • Price:$9,000,000
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