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Keller Williams
6497 99 Montezuma Rd, Talmadge/San Diego Central, CA 92115
- $1,200,000
- Sold Price
- $1,200,000
- List Price
- $1,199,000
- Status
- CLOSED
- Days on Market
- 37
- Closing Date
- Jun 04, 2026
- MLS#
- 260007270SD
- Subtype
- Residential Income
- Year Built
- 1984
- Subdivision
- San Diego
- Neighborhood
- San Diego
- MLS Area Major
- San Diego Central
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.
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Additional Information
- Zoning
- RM-4-10
- Air Conditioning
- Yes
- Stories
- Two Levels
- Levels
- Two
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Listing courtesy of Listing Agent: Daniel Sipher (dan@sdlandmark.com) from Listing Office: Landmark Multifamily and Development.
Selling Office: Discovery Property Group Inc.Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.