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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 11/11/2026 | Tract | San Diego |
|---|---|---|---|
| Year Built | 0 | Community | 92115 - San Diego |
| County | San Diego |
Additional Details
| AREA | 92115 - San Diego |
|---|---|
| LOT | 0.3039 acre(s) |
| LOT DESCRIPTION | Sloped |
| LOT DIMENSIONS | 13239 |
| SUBDIVISION | San Diego |
| UTILITIES | Natural Gas Available |
Location
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Listed with Landmark Multifamily and Development
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