ActiveLand · sale

6029 Mesita

San Diego, CA 92115

$1,950,000

  • 0.3 acres

Listed by Landmark Multifamily and Development · MLS #260026854SD

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

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6029 Mesita, San Diego, CA 92115 · MLS #260026854SD

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A FEW THINGS TO NOTICE

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Property size

0.3 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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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.

THE NEIGHBORHOOD

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6029 Mesita, San Diego, CA 92115

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LOCAL MARKET CONTEXT

San Diego County housing market

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12-month price trend$920,832Up 1.9% vs. the previous 12 months
Months of supply2.512-month average
Days on market3312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Land
Category
Land
Utilities
NaturalGasAvailable
Fencing
None
Subdivision
San Diego
Zoning
RM-2-5
Parcel
4673120300
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Listing information

MLS #260026854SD · California Regional MLS

Listing brokerage: Landmark Multifamily and Development
Listing agent: Daniel Sipher

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.