10
See all 10 photos
$9,000,000
Est. payment /mo
0.72 Acres Lot
New
6499 Montezuma Rd #28 San Diego, CA 92115
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 2600478
Lot Size 0.719 Acres
Property Sub-Type Lots/Land
Property Description
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.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-4-10
Interior
Fireplace No
Exterior
Fence Other/Remarks
Utilities Available Other/Remarks
View Y/N No
Water Access Desc Other/Remarks
Building
Water Other/Remarks
Others
Senior Community No
Tax ID 467-222-08-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Special Listing Condition N/K, Other/Remarks
Listed by Daniel A Sipher Landmark Multifamily and Development