6499 Montezuma Rd, San Diego, CA 92115
  • MLS#: 2600478SD ( )
  • Street Address: 6499 Montezuma Rd
  • Viewed: 1
  • Price: $9,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92115
  • Subdivision: San Diego
  • Provided by: Landmark Multifamily and Development
  • Contact: Daniel Daniel
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Five parcel assemblage totaling 0.71 acres in San Diegos 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 SDSUs 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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Features
Association Fee
  1. 0.00
Country
  1. US
Parcel Number
  1. 4672220800
Subdivision Name Other
  1. San Diego
Topography
  1. Level
Utilities
  1. See Remarks
Water Source
  1. See Remarks
Zoning
  1. RM-4-10