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6499 Montezuma Rd, San Diego, CA 92115

Local realty services provided by:CENTURY 21 Masters
6499 Montezuma Rd,San Diego, CA 92115
$9,000,000
  • 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 $50,000 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:1 day(s) ago
  • Updated:January 08, 2026 at 01:27 AM

Structure and exterior

  • Lot area:0.72 Acres

Finances and disclosures

  • Price:$9,000,000
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