2-unit investment property in San Diego's College Area, offered with a master lease at $7,000/month covering both units. Steps from SDSU's 40,000+ student population, this is a turnkey opportunity in one of San Diego's highest-demand student housing submarkets. The main house delivers 4 beds/3 baths and the studio adds 1 bath — 1,822 SF total on a 4,300 SF lot. Currently in process for RM-4-10 zoning, the site offers meaningful long-term redevelopment potential. Density bonus pathways — including HAP 2.0 and 100% micro-unit programs — provide significant upside for a buyer with a development horizon. Sustained enrollment at SDSU drives consistent rental demand, supporting both near-term cash flow and future student-oriented or multifamily housing development. Strong in-place cash flow with entitlement upside. All zoning, development potential, and unit counts to be verified by buyer.
Multi-familyProperty Type
1984Year Built
$659Price/Sq.Ft.
Listed by Daniel Sipher•DRE #02043589• Landmark Multifamily and Development
•408-368-5225 (agent)
•dan@sdlandmark.com (agent)
Bought with Kyle Taylor•DRE #02248040• Discovery Property Group Inc
REDUCED, WOW one of a kind, sellers built this custom home with the highest quality in mind in worksmenship & materials. The house has upgrades galore, hardwood floors, custom design in kitchen and baths, upgrade quality cabinetry. Master Bath with Whirlpool Tub, walking closet, both full baths with tubs. Low maitenance gated yard. Air conditioning & forced air Unit, with fans throughout the house.
SDMLS #1
Aug 22, 2012
Price Changed
$359,900
$198/sq ft
Jun 27, 2012
Price Changed
$375,000
$206/sq ft
Sep 22, 2011
Price Changed
$395,000
$217/sq ft
Jul 29, 2011
Price Changed
$405,000
$222/sq ft
Public Records
Oct 7, 1983
Sold
$52,000
$29/sq ft
Public Records
Sep 20, 1983
Sold
$50,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,039 (+9.6%)
$441,631 + $330,130
$771,761
2024
$9,156 (+2.4%)
$432,972 + $323,657
$756,629
2023
$8,944 (+14.9%)
$424,483 + $317,311
$741,794
2022
$7,787 (+60.5%)
$416,160 + $311,090
$727,250
2021
$4,853 (+1.2%)
$408,000 + $229,500
$637,500
2020
$4,793 (+1.8%)
$152,902 + $245,268
$398,170
2019
$4,707 (+7.0%)
$151,335 + $242,754
$394,089
2018
$4,399 (+2.5%)
$148,368 + $237,995
$386,363
2017
$4,293 (+1.7%)
$142,607 + $228,754
$371,361
2016
$4,222 (+1.5%)
$142,607 + $228,754
$371,361
2015
$4,159 (+1.6%)
$139,811 + $224,269
$364,080
2014
$4,093 (+89.2%)
$135,014 + $216,574
$351,588
2013
$2,164 (+8.4%)
$135,014 + $216,574
$351,588
2012
$1,996 (+1.9%)
$69,263 + $111,104
$180,367
2011
$1,960 (+1.7%)
$67,905 + $108,926
$176,831
2010
$1,926 (−0.3%)
$66,574 + $106,791
$173,365
2009
$1,931 (+3.6%)
$66,077 + $105,993
$172,070
2008
$1,864
$66,234 + $106,245
$172,479
Public record
Public record
Zoning
Beds
5
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
4,300 Sq. Ft.
Year renovated
1984
Sq. Ft.
1,822
Year built
1984
Style
Single Family Residential
County
San Diego County
APN
4672220800
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
RS-1-7
COLLEGE AREA
PIOZ- CAMPUS-IMPACT
Residential-Single Unit Zone
The purpose of the RS zones is to provide appropriate regulations for the development of single dwelling units that accommodate a variety of lot sizes and residential dwelling types and which promote neighborhood quality, character, and livability. It is intended that these zones provide for flexibility in development regulations that allow reasonable use of property while minimizing adverse impacts to adjacent properties.
Zone overlays
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Senior
Housing-Other
Recreation
Park & open space
Property details
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 4
Exterior
Building Information
Sq. Ft.: 1822.0
# of Stories Total: 2
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Res Income 2-4 Units
Lot Information
Lot Size : 4,000-7,499 SF
Lot Size Units: Acres
Zoning: RM-4-10
Location
Location Information
Subdivision Name: SAN DIEGO
Community Information
Building Name: College Area
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 1,822
Stories: 1.0
Lot Size: 4,300 square feet
Style: Single Family Residential
Year Built: 1984
Year Renovated: 1984
County: San Diego County
APN: 4672220800
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
List AOR: San Diego Association of REALTOR
Around this home
Schools
Clay Elementary School
Public K-5 • Assigned • 0.4mi
6/10
Lewis Middle School
Public 6-8 • Assigned • 2.3mi
7/10
Patrick Henry High School
Public 9-12 • Assigned • 2.1mi
9/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 90° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
San Diego, CA • 92115
Average low and high temperatures (°F)
70
48
71
51
73
54
71
54
72
58
75
61
78
63
82
64
82
65
78
58
72
52
70
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in San Diego. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.19M – $1.44M
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