Date
Details
Price
Change
Source
3/27/2026
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$1,199,000 Just Listed
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1/23
Property Description
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.
Full Property Details
Full Property Details for 6497-99 Montezuma Rd
General
- Price: $1,199,000
- Status: Active
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 260007270
- Updated: 3/30/2026
- Added to Site: 5 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Other/Remarks
Location
- Area: SAN DIEGO (92115)
- County: San Diego
- Subdivision: SAN DIEGO
- Neighborhood: College Area
- Complex: College Area
Heating & Cooling
- Cooling Type: Other (See Remarks)
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Other/Remarks
- Roof: Other (See Remarks)
- Stories/Levels: 2
- Square Feet: 1,822
- Year Built: 1984
Unit Information
- Units in Building: 2
Lot Features
- Zoning: RM-4-10
- Fencing (Description): Other (See Remarks)
Financial Considerations
- Operating Expenses: $21,000
- Terms: Other/Remarks
- Tenant Pays: Other/Remarks
Disclosures and Reports
- Special Conditions: N/K, Other/Remarks
- Property ID: 467-222-08-00
Listed by Landmark Multifamily and Development (408) 368-5225, Daniel A Sipher
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Listing agent
— 6497-99 Montezuma Rd —
Daniel A Sipher
Landmark Multifamily and Development
dan@sdlandmark.com
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 6497-99 Montezuma Rd
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- Condo
- Active
- Updated 16 hours ago
- 3Beds
- 3Total Baths
- 1,720Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,351Sq. Ft.
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- Condo
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,789Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
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- Single Family
- Closed
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,320Sq. Ft.
6497-99 Montezuma Rd, San Diego, CA 92115 (MLS# 260007270) is a Multi-Family property with 2 units containing 4 bedrooms and 4 full bathrooms. 6497-99 Montezuma Rd is currently listed for $1,199,000 and was received on March 27, 2026. Want to learn more about 6497-99 Montezuma Rd? Do you have questions about finding other Multi-Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.