6497-99 Montezuma Rd San Diego, CA ^$ 1,199,000

6497-99 Montezuma Rd

^$ 1,199,000

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6497-99 Montezuma Rd

San Diego, CA, 92115

^$ 1,199,000

Bedrooms4 Baths4.0

Monthly Estimate*

^$ 7,382

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Multi-Family Home for sale in San Diego, CA

for $1,199,000 with 4 bedrooms and 4 full baths. This home was built in 1984.

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.

Multi-Family Active

Price

^$ 1,199,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Year Built

1984

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260007270

Features

General

Cooling Other/Remarks

Roof Other/Remarks

Zoning RM-4-10

Security Features Other/Remarks

Construction Materials Other/Remarks

Year Built 1984

Tenant Pays Other/Remarks

Levels 2 Story

Property Subtype Res Income 2-4 Units

Building Name College Area

County San Diego

Operating Expense 21000.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name SAN DIEGO

Full Baths 4

Status ACTIVE

City San Diego

Senior Community Y/N N

Number Of Units Total 2

MLS Area Metro Uptown

Lot Size Units Acres

Property Attached Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/snd/260007270

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Cap Rate 5.25

Freehold IDX

Exterior

Fencing Other/Remarks

Lot Size Area 0.0

Number of Buildings 1

Building Area Total 1822.0

Waterfront Y/N N

Interior

Total Stories 2

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 4

Total Baths 4

* Excluded Features

List By

Daniel A Sipher

Listing Agent

Landmark Multifamily And Development

Broker

(408) 368-5225

Phone

Affordability Calculator

$7,382

Per Month

Monthly Principal & Interest: $7,382
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Diego, CA

Average List Price ^$2,238,325

Percent of Sale Price 87%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/27/2026	$1,199,000		Listed Price

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6497-99 Montezuma Rd, San Diego, CA, 92115 is a Multi-Family Home for sale at $1,199,000. 6497-99 Montezuma Rd has 4 bedrooms, 4.0 baths, and was built in 1984. The property's zip code is 92115 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

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 San Diego Multiple Listing Service, Inc. 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.

Data is updated as of 3/31/2026.

CA BRE #019180026.

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6497-99 Montezuma Rd

Multi-Family Home for sale in San Diego, CA

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