Home | San Diego County | San Diego | 92115 |
MLS: SD260026854 | Status: Active | Price: $1,950,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0.304 | – |
Opportunity Zone 2.0 development site near SDSU, delivered Ready to Issue (RTI). 6029 Mesita Dr is a 13,239 SF corner lot (RM-2-5) at Mesita Dr and Pembroke Dr in the College Area, offered with plans for nine market-rate units in five two-story buildings: eight 3BR/3BA townhome-style units (968 SF each) and one detached 4BR/2BA ADU (1,200 SF), for 28 bedrooms, 26 baths and 8,944 SF. Seller is paying architect, engineering and plan-check costs to deliver RTI permits, anticipated January 2027; buyer pays permit issuance, school, water/sewer and utility fees. The site is in census tract 29.04, designated a Qualified Opportunity Zone effective January 1, 2027, offering qualifying investors capital gains deferral, a 10% basis step-up and tax-free appreciation after a ten-year hold. Projected rents of $43,800/month ($525,600/year). Estimated all-in project cost of $4.92M and projected stabilized NOI of $330,429 (6.7% yield on cost). Existing 1951 home, studio and garage to be demolished. Offering Memorandum and full plan set available from listing agent. Projections are estimates; renderings are conceptual. Buyer to verify all information including permit timing, zoning, parking and Opportunity Zone eligibility.
| Field | Value |
|---|---|
| MLS # | SD260026854 |
| MLS Source | San Diego MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Zoning | RM-2-5 |
| Feature | Details |
|---|---|
| Fencing | None |
| Lot Description | Grade - Gently Sloped |
| Utilities | Gas - On Site, Natural Gas, Natural Gas Available |
Daniel Sipher
Landmark Multifamily and Development
License #: 02043589
Phone: (408) 368-5225
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Language Academy | public | K-8 | 0.28 mi | 9 |
| Clay Elementary School | public | K-5 | 0.53 mi | 6 |
| Hardy Elementary School | public | K-5 | 0.82 mi | 10 |
| Mann Middle School | public | 6-8 | 1.04 mi | 5 |
| Rolando Elementary School | public | K-5 | 1.09 mi | 5 |
| Crawford High School | public | 9-12 | 1.15 mi | 4 |
| Hearst Elementary School | public | K-5 | 1.18 mi | 10 |
| Fay Elementary School | public | K-5 | 1.49 mi | 2 |
| Rolando Park Elementary School | public | K-5 | 1.52 mi | 5 |
| Ibarra Elementary School | public | K-5 | 1.65 mi | 7 |
| Maryland Avenue Elementary School | public | K-5 | 1.71 mi | 6 |
| Vista La Mesa Academy | public | K-8 | 1.77 mi | 4 |
| Euclid Elementary School | public | K-5 | 1.81 mi | 8 |
| Carver Elementary School | public | K-5 | 1.88 mi | 3 |
| Hoover High School | public | 9-12 | 1.93 mi | 4 |
| Marvin Elementary School | public | K-5 | 2.04 mi | 7 |
| Marshall Elementary School | public | K-5 | 2.05 mi | 7 |
| Foster Elementary School | public | K-5 | 2.06 mi | 5 |
| La Mesa Dale Elementary School | public | K-6 | 2.08 mi | 6 |
| Lewis Middle School | public | 6-8 | 2.21 mi | 7 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| $1,776,000 | – | – | – | PendingDoNotShow | |
| $1,599,000 | – | – | – | Active |
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This listing information is up-to-date as of November 12, 2026. For the most current information, please contact Daniel Sipher, (408) 368-5225.