6497 Montezuma Rd

San Diego, CA 92115

$1,199,000
Price
4
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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a front view of a house with a yard
a kitchen with granite countertop a sink and cabinets
a kitchen with granite countertop white cabinets and black appliances
an empty room with wooden floor and windows
a kitchen with a refrigerator and a sink
wooden floor in an empty room with a window
a view of an empty room with a window
an empty room with wooden floor fan and windows
a view of an empty room with window and closet area
a bathroom with a sink and toilet
a view of an empty room with wooden floor and a window
a bathroom with a toilet a sink and a shower
wooden floor in an empty room with a window
a view of empty room with wooden floor and fan
an empty room with wooden floor and windows
a front view of a house with a yard
a view of a city
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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 HAP...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 Sipher • DRE #02043589 • Brokerage DRE #01264882 • Keller Williams Realty

Property Details for 6497 Montezuma Road

Zoning
RM-4-10
Cross Streets
Montezuma Rd & Catoctin Dr
Area
Other (LCOTH)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
467-222-08-00
LISTING UPDATED: 03/30/2026 06:46 PM

Property Details for 6497 Montezuma Road

StatusActive
MLS #260007270SD
Days on Market38
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 Keller Williams Realty, Daniel Sipher, DRE #02043589
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Building Information for 6497 Montezuma Road

Stories2Residences-Year 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 Montezuma Road

Community / Development
Community / Development
  • Complex Name: College Area
  • Number Of Units: 2
  • Builders Tract Name: College Area
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Other
Contract Info
Contract Info
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $63,000.00
  • Gross Scheduled Income: $84,000
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: $14.27
  • Other Income1: $.00
  • Total Annual Expense: 21000
Land / Lot Info
Land / Lot Info
  • Horse: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: Other
Lease Terms
Lease Terms
  • Listing Terms: Other
  • Tenant Pays: Other

Property History for 6497 Montezuma Road

DateEvent & SourcePriceAppreciation
Mar 27, 2026

Listed (Active)

CLAW #260007270SD

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

Listed (Active)

CLAW #260007270SD

$1,199,000

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

Schools near 6497 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 Montezuma Road, San Diego, CA 92115

6497 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 Keller Williams Realty, 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 Montezuma Road is a 4-bed, 4-bath, 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 Keller Williams Realty, Daniel 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.