6497 Montezuma Rd San Diego, CA 92115
New
Two-unit property near SDSU with redevelopment potential.
Type:Investment
Property size:
1,822 SFLot size:
0.10 Acres- Added:
- Apr 24, 2026
- Days on Market:
- 5
- Last Refresh:
- Apr 24 at 3:47 pm
Property Features for 6497 Montezuma Rd
General Information
- Standard status
- Active
- Size
- 1,822 SF
- Lot size
- 0.10 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1984
Listing agent Daniel Sipher (408) 368-5225
Listing office (408) 368-5225
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Daniel Sipher
Overview
College Area Investment Property
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.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.058782
- Latitude
- 32.7692276
Nearby Similar for Sale
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.
