6499 Montezuma Rd, San Diego, CA 92115

Located in the heart of the College Area—one of San Diego's most dynamic and strategically positioned neighborhoods within the SDSU submarket— this five-parcel assemblage presents a rare opportunity for investors and developers alike. The offering includes multiple residential parcels totaling approximately 0.71 acres, strategically positioned along the key Montezuma Road and Catoctin Drive corridors. The assemblage comprises a mix of existing residential structures and development-ready land, currently generating rental income from existing units—ideal for immediate value-add positioning, comprehensive redevelopment, or adaptive reuse into higher-density housing. The five-parcel portfolio provides exceptional development flexibility, offering short-term cash flow from existing residential units while presenting significant long-term upside potential through assemblage redevelopment. Priced at $9M, the property represents approximately $287/SF for the land competitive with other comparable area assets given the assemblage premium and development potential. With the potential for immediate value-add through existing unit improvements or transformative high-density development, the site is exceptionally well-suited for student housing, multi-family, or mixed-use projects. The assemblage provides flexible options to capitalize on both the ongoing College Area Community Plan Update—which proposes adding capacity for up to 18,000 new homes over 30 years—and the supplyconstrained urban market surrounding SDSU's 40,000+ student population.