6029 Mesita, San Diego, CA — listing photo 1
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FOR SALENew Listing

6029 Mesita

San Diego, CA 92115
13,239 Lot Sq Ft
$1,950,000

Property Overview

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.

Home Details

Property type
Land
Lot size
13,239 sq ft
Days on market
0
MLS status
Active
Zoning
RM-2-5

Community, Schools & Utilities

Community

Subdivision
San Diego
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Location & Neighborhood

6029 Mesita

San Diego, CA 92115

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Frequently Asked Questions About 6029 Mesita

Property type: Land

The current asking price is $1,950,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 6029 Mesita. Our team will confirm availability and timing.
This property offers the living space reported in the listing. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Diego, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Diego property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Daniel Sipher
MLS ID: SAND-705092

Available property

$1,950,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.