6497-99 Montezuma Rd - Apartments FOR SALE


San Diego, CA 92115- College East
$1,199,000 USD
408-368-5225
6497-99 Montezuma Rd, San Diego, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/12
null | 5.25% Cap Rate

6497-99 Montezuma Rd
San Diego, CA 92115
College East


HIGHLIGHTS

  • 2-Unit | 1,822 SF | 4,300 SF Lot
  • Master Lease | $7,000/Month In-Place Income
  • 4 Bed/3 Bath Main House + Studio
  • Strong In-Place Cash Flow
  • Proximity Near SDSU — 40,000+ Student Population

OVERVIEW

2-unit investment property in San Diego's College Area, offered with a master lease at $7,000/month covering both units. Located steps from SDSU's 40,000+ student population, this is a turnkey opportunity in one of San Diego's highest-demand student housing submarkets — where consistent enrollment drives reliable rental demand year over year. 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 in a supply-constrained submarket. Density bonus pathways — including HAP 2.0 and 100% micro-unit programs — provide significant upside for a buyer with a development horizon, with the potential to deliver a substantially higher unit count on the site. The College Area's proximity to SDSU, major transit corridors, and established retail make it a proven location for student-oriented and multifamily housing. Sustained enrollment supports continued demand for both near-term rental income and future development. Strong in-place cash flow with entitlement upside. All zoning, development potential, and unit counts to be verified by buyer.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$658 USD /SF

# OF UNITS

2

PRICE/UNIT

$599,500

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6497-99 Montezuma Rd

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RM-4-10

APN/PARCEL ID

467-222-08

ASK ABOUT THIS PROPERTY

Daniel SipherLandmark Multifamily And DevelopmentMore Info
408-368-5225

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Daniel SipherLandmark Multifamily And DevelopmentMore Info
408-368-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.