6497 99 Montezuma Rd, Talmadge/San Diego Central, CA 92115
- $1,200,000
- Sold Price
- $1,200,000
- List Price
- $1,199,000
- Closing Date
- Jun 04, 2026
- Status
- CLOSED
- MLS#
- 260007270SD
- Year Built
- 1984
- Days on Market
- 37
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- San Diego
Property 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 2.0 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.
Additional Information
- Cooling
- Yes
- Cooling Description
- See Remarks
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $84,000
Listing courtesy of Listing Agent: Daniel Sipher (dan@sdlandmark.com) from Listing Office: Landmark Multifamily and Development.
Listing sold by Kyle Taylor from Discovery Property Group Inc
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