6497 99 Montezuma Rd, San Diego, CA 92115

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.

Listing Status:

Active

Date Added:

March 27, 2026

Data Last Updated:

April 1, 2026 at 4:18PM

Listing Office:

Landmark Multifamily and Development : 408-368-5225

Listing Agent:

Daniel Sipher : 408-368-5225

MLS ID:

260007270SD

Interior

• A/C: See Remarks
• Heating:

Exterior

• Parking: Parking spaces: 0

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: RM-4-104672220800

Financial

• Source: CRMLS_SAND