6497-99 Montezuma Rd

San Diego, CA 92115

$1,199,000
Price
4
Beds
1,822 Sq. Ft.
$658 / Sq. Ft.
1,822
Sq. Ft.
$658
per Sq. Ft.
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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...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.
  1. Listed by Daniel A Sipher • DRE #02043589 • Landmark Multifamily and Development • dan@sdlandmark.com

Property Details for 6497-99 Montezuma Road

Neighborhood
College Area
Community
SAN DIEGO
Zoning
RM-4-10
Area Zip
SAN DIEGO (92115)
Standard Status
Active
LISTING UPDATED: 03/30/2026 06:27 PM

Property Details for 6497-99 Montezuma Road

StatusActive
MLS #260007270
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size-
CountySan Diego County
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Location

Listing Courtesy of Landmark Multifamily and Development, Daniel A Sipher, DRE #02043589
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Building Information for 6497-99 Montezuma Road

Stories2Residences2Year Built1984Building Size-Lot Size-

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$6,038 per month

30 year fixed, 6.46% Interest

Principal and Interest

$6,038

Property Taxes

$0

HOA Dues

$0

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Property Information for 6497-99 Montezuma Road

Summary
Location and General Information
  • Coordinates: -117.059238, 32.769362
  • Latitude: 32.769362
  • Longitude: -117.059238
  • Directions: CrossStreet: Montezuma Rd & Catoctin Dr
  • MLS Area Major: Metro Uptown
  • Building Name: College Area
Taxes and HOA
  • Other Fees: $0
  • CFD Mello Roos Fee: $0
  • Monthly Total Fees: $0
Property
Lot Information
  • Building Area Total: 1822.0
  • Building Area Units: Sqft
  • Living Area: 0
  • Living Area Units: Sqft
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Lot Size: 4,000-7,499 SF
Property and Assessments
  • Parcel Number: 467-222-08-00
  • Property Sub Type: Res Income 2-4 Units
  • Property Type: Residential Income
  • Age Restrictions: N/K
  • Year Built: 1984
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other/Remarks
  • Fencing: Other/Remarks
  • Roof: Other/Remarks
  • Security Features: Other/Remarks
  • Number Of Buildings: 1
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Stories Total: 2
  • Cooling: Other/Remarks
  • Levels: 2 Story
  • Bedrooms Count: 4
  • Baths Total: 4.0
Multi Family
Income & Expenses
  • Operating Expense: $21,000
  • Other Income Actual: $0
  • Gross Scheduled Income: $84,000
Multi Family Information
  • Unit 1 Projected Rent: $7,100
  • Unit 2 Projected Rent: $0
  • Num Units w Cooling: 2
  • Number Of Units Total: 2
Rental
Rent Information
  • Tenant Pays: Other/Remarks

Property History for 6497-99 Montezuma Road

DateEvent & SourcePriceAppreciation
Mar 27, 2026

Listed (Active)

SDMLS #260007270

$1,199,000—
Mar 27, 2026

Listed (Active)

CRMLS #260007270SD

$1,199,000—
DateEvent & SourcePrice
03/27/2026

Listed (Active)

SDMLS #260007270

$1,199,000
03/27/2026

Listed (Active)

CRMLS #260007270SD

$1,199,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6497-99 Montezuma Road

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Hardy Elementary School
Public - K to 5
Clay Elementary School
Public - K to 5
Lewis Middle School
Public - 6 to 8
Patrick Henry High School
Public - 9 to 12
Rating
School
Distance
Hardy Elementary School
PublicK to 5

Clay Elementary School
PublicK to 5

Lewis Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6497-99 Montezuma Road, San Diego, CA 92115

6497-99 Montezuma Road is a multi-family home for sale in San Diego, CA 92115. This property was listed for sale on March 27, 2026 by Landmark Multifamily and Development, it's currently listed at $1,199,000. This listing's school district is San Diego Unified School District. Nearby schools include Hardy Elementary School, Clay Elementary School and Lewis Middle School. 6497-99 Montezuma Road is a 4-bed, 4-bath, 1,822 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Landmark Multifamily and Development, Daniel A Sipher, DRE #02043589

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.