6499 Montezuma Rd, San Diego, CA 92115

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
6499 Montezuma Rd,San Diego, CA 92115
$9,000,000
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  • 0.72 Acres
  • Lots / Land
  • Active
Listed by: daniel sipher
Office: landmark multifamily and development
MLS#:2600478SD
Source: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 #:2600478SD
  • Added:49 day(s) ago
  • Updated:February 21, 2026 at 02:34 PM

Structure and exterior

  • Lot area:0.72 Acres
  • Lot Features:Level with Street

Finances and disclosures

  • Price:$9,000,000
Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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