About 6497-99 Montezuma Rd
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.
Features of 6497-99 Montezuma Rd
| MLS® # | 260007270 |
|---|---|
| Price | $1,199,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Year Built | 1984 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 6497-99 Montezuma Rd |
|---|---|
| Area | SAN DIEGO (92115) |
| Subdivision | College Area |
| City | SAN DIEGO |
| County | San Diego |
| State | CA |
| Zip Code | 92115 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | Yes |
Interior
| Cooling | Other/Remarks |
|---|---|
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Roof | Other/Remarks |
|---|---|
| Construction | Other/Remarks |
Additional Information
| Date Listed | March 27th, 2026 |
|---|---|
| Days on Market | 41 |
| Zoning | RM-4-10 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Landmark Multifamily and Development |
|---|