- $9M Price
- .72 Acres
- 9 DOM
6499 Montezuma Rd
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.
Essential Information
- MLS® #2600478SD
- Price$9,000,000
- Bathrooms0.00
- Acres0.72
- TypeLand
- StatusActive
Community Information
- Address6499 Montezuma Rd
- Area92115 - San Diego
- SubdivisionSan Diego
- CitySan Diego
- CountySan Diego
- Zip Code92115
Amenities
- UtilitiesSee Remarks
Exterior
- Lot DescriptionLevel
Additional Information
- Date ListedJanuary 7th, 2026
- Days on Market9
- ZoningRM-4-10
Listing Details
- AgentDaniel Sipher
Office
Landmark Multifamily and Development
Daniel Sipher, Landmark Multifamily and Development.
Based on information from California Regional Multiple Listing Service, Inc. as of January 16th, 2026 at 6:56pm PST. 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.