6497-99 Montezuma Rd, Talmadge/San Diego Central, CA 92115
- $1,200,000
- 4
- BD
- 4
- BA
- Sold Price
- $1,200,000
- List Price
- $1,199,000
- Closing Date
- Jun 04, 2026
- Days on Market
- 69
- Status
- CLOSED
- MLS#
- 260007270
- Bedrooms
- 4
- Bathrooms
- 4
- City
- Talmadge/San Diego Central
- Neighborhood
- College Area
- Complex/Building Name
- College Area
- Property Type
- Multifamily
- Year Built
- 1984
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
- Building Name
- College Area
- Cooling
- Other
- Neighborhood
- College Area
- Roof
- Other
- Tenant Pays
- Other/Remarks
- Year Built
- 1984
Mortgage Calculator
Listing courtesy of Listing Agent: Daniel A Sipher (408-368-5225) from Listing Office: Landmark Multifamily and Development.
Selling Office: Discovery Property Group 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 MLS®. 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. Compilation © 2026 San Diego MLS®,