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$9,000,000

$7,200Reward *

6499 Montezuma Rd, San Diego, CA 92115Listing ID 2600478SD

6499 Montezuma Rd, San Diego, CA 92115

Active

San Diego

Time on site: 119 days • Last updated: Jan 15, 2026

Property Type

Land

Property Sub Type

Acres

0.72

Days on Site

118

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 $40,000 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.

Property Information

Property Details

Location

Address

6499 Montezuma Rd

County

San Diego

City

San Diego

Zip Code

92115

Subdivision

San Diego

MLS Area

92115 - San Diego

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

SAND-705092

6499 Montezuma Rd, San Diego, CA 92115

Property Information

Property Details

Location

Market Report for 92115