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6029 Mesita, Unit 3, Talmadge/San Diego Central
$1,950,000
260026854 MLS ⋅ ACTIVE Status
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.

6029 Mesita, Unit 3, Talmadge/San Diego Central
5488 New Mills Rd, Talmadge/San Diego Central
$699,999
NDP2605795 MLS ⋅ ACTIVE Status
Sellers are motivated - Article in Times of San Diego Nov 2025 highlight meaningful housing boom for SDSU neighborhood - https://timesofsandiego.com/politics/2025/11/24/san-diego-college-area-community-plan-housing-sdsu/. With College Area Community Plan approved, this parcel has the potential to allow 5-9 dwelling units per acre pending city approval of submitted plans. Discover an exceptional investment opportunity in the College Area near SDSU! Nestled 1.1 miles walking from the campus, this prime real estate is brimming with potential for development and subdivision. The parcel has long been envisioned as an investment property. Now is the perfect moment to seize this rare opportunity and transform this property. Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023. Details about the property: -Current owners worked with a construction company with limited scope to determine building options for single family and ADU/Junior ADU - More units can (and should) be explored via subdivision -Topography of ~1 acre parcel includes ~0.3 acres of flat land on the bottom level, 0.3-0.4 acres of slope among the property, and another 0.2-0.3 acres of flat land on top level -A previous workshop sits on the property that can be used for garage/storage space -There is an open drainage that can be filled -Please review private remarks Sellers are motivated - Article in Times of San Diego Nov 2025 highlight meaningful housing boom for SDSU neighborhood - https://timesofsandiego.com/politics/2025/11/24/san-diego-college-area-community-plan-housing-sdsu/. With College Area Community Plan approved, this parcel has the potential to allow 5-9 dwelling units per acre pending city approval of submitted plans. Discover an exceptional investment opportunity in the College Area near SDSU! Nestled 1.1 miles walking from the campus, this prime real estate is brimming with potential for development and subdivision. The parcel has long been envisioned as an investment property. Now is the perfect moment to seize this rare opportunity and transform this property. Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023. Details about the property: -Current owners worked with a construction company with limited scope to determine building options for single family and ADU/Junior ADU - More units can (and should) be explored via subdivision -Topography of ~1 acre parcel includes ~0.3 acres of flat land on the bottom level, 0.3-0.4 acres of slope among the property, and another 0.2-0.3 acres of flat land on top level -A previous workshop sits on the property that can be used for garage/storage space -There is an open drainage that can be filled -Please review private remarks

5488 New Mills Rd, Talmadge/San Diego Central
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