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  • MLS#: 2600478SD ( Land )
  • Street Address: 6499 Montezuma Rd
  • Viewed: 2
  • Price: $9,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 82
  • 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 $40,000 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
Property Type
  1. Land