6499 Montezuma Rd - Residential LAND FOR SALE


San Diego, CA 92115- College East30,928 SF
$9,000,000 USD
513-600-7498
6499 Montezuma Rd, San Diego, CA for Sale
$9,000,000 USD
Residential LAND - FOR SALE
1/10
30,928 SF

6499 Montezuma Rd
San Diego, CA 92115
College East


HIGHLIGHTS

  • Recently rezoned to RM-4-10, allowing one dwelling unit per 400 SF and approximately 78 units by right.
  • HAP 2.0 density bonus allows up to ~102 units (30% increase), with a required unit mix of 10% two-bedroom and 10% three-bedroom units.
  • 100% micro-unit density bonus allows up to ~155 units, with an average unit size under 600 SF and no unit exceeding 800 SF.
  • Multiple density pathways provide flexibility to maximize unit yield and tailor development strategy.
  • Zoning incentives support high-density multifamily or student-oriented housing.
  • $50K+ monthly in-place income helps cover development carry costs.

OVERVIEW

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. Reach out to listing agent Dan Sipher for more information.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/ACRE

$12,675,892/AC

PRICE/SF

$291 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Montezuma Assemblage

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.71 AC

LAND SF

30,928 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM-4-10

APN/PARCEL ID

467-222-04,467-222-05,467-222-06,467-222-07,467-222-08

ASK ABOUT THIS PROPERTY

Joey BelcastroLandmark Multifamily And DevelopmentMore Info
513-600-7498

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Joey BelcastroLandmark Multifamily And DevelopmentMore Info
513-600-7498

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