6499 Montezuma Rd

San Diego, CA, 92115

For Sale $9,000,000

0.72acre

Shen Schulz (310) 980-8809shen@shenrealty.com

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.

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Listed by:

Daniel Sipher with Landmark Multifamily and Development

(408) 368-5225

6499 Montezuma Rd is a Land property located in San Diego, California, featuring a 0.719 acre lot, MLS #2600478SD.

Based on information from one of the following Multiple Listing Services: CRMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Trestle and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.

Data last modified: 2026-01-08 01:26:02