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.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.