6497 Montezuma Rd, San Diego, CA 92115

Building Details

Year Built

1984

Listing agent Daniel Sipher Show Phone

Listing office d**@sdlandmark.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Daniel Sipher

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Overview

This two-unit investment property is located in San Diego's College Area, near San Diego State University (SDSU). The property is offered with a master lease at $7,000 per month, covering both units. The main house includes 4 beds and 3 baths, while the studio has 1 bath, totaling 1,822 square feet on a 4,300 square foot lot. The property is currently in process for RM-4-10 zoning, offering long-term redevelopment potential. Density bonus pathways, including HAP 2.0 and 100% micro-unit programs, provide upside for a buyer with a development horizon. The location near SDSU, with its student population of over 40,000, drives consistent rental demand, supporting near-term cash flow and future student-oriented or multifamily housing development. The property has a walk score of 31, indicating it is car-dependent, a bike score of 26, indicating it is somewhat bikeable, and a transit score of 36, indicating some transit options are available.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

San Diego

County

San Diego

State

California

Longitude

-117.058782

Latitude

32.7692276

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FAQs

What type of property is this?

Duplex - Two-unit property near SDSU with redevelopment potential.

Where is this duplex located?

The property is located at 6497 Montezuma Rd San Diego, CA.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: Master lease in place at $7,000/month covering both units, providing strong in‑place cash flow.; Prime location steps from San Diego State University (SDSU) and its 40,000+ student population.; Significant long‑term redevelopment potential with current RM‑4‑10 zoning in process.