Above $1 Million College Area Real Estate

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Discover homes for sale above $1 million, featuring spacious layouts and prime locations near San Diego State University, top-rated schools, and major freeways.

Browse All College Area CA Above $1M Properties for Sale

$1,595,000

8 Beds ⋅ 4 Baths ⋅ 260022174 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

This rare two-unit multi-family property offers an incredible opportunity for investors or owner-occupants. Each unit features 4 bedrooms and 2 bathrooms, providing spacious living for tenants or potential rental income. Perfectly located right next to San Diego State University, this property enjoys strong rental demand and consistent occupancy. Currently tenant-occupied with long-term leases, it offers immediate cash flow for the savvy investor. Both units boast functional layouts, full kitchens, and comfortable living spaces—ideal for students, faculty, or families. Don’t miss this chance to own a solid income-generating property in a high-demand San Diego location.

6266-68 Stewart St, San Diego

$1,500,000

7 Beds ⋅ 3 Baths ⋅ 260020889 MLS ⋅ ACTIVE Status

This renovated single-story 7-bedroom, 3-bathroom home offers 1,790 sq ft of living space on a large flat 6,074 sq ft lot and is perfectly located just a half-mile from San Diego State University on Mary Lane Drive. Ideal for SDSU students or investors, the interior features modern finishes, stainless steel appliances, and a spacious layout designed for comfortable roommate living. The low-maintenance hardscaped backyard provides a great outdoor space for relaxing or entertaining, while the wide driveway offers convenient off-street parking. Turnkey and move-in ready, this College Area property combines excellent location, generous lot size, and practical student housing features in one of San

6233 Mary Lane Dr, San Diego

$1,349,999

5 Beds ⋅ 3 Baths ⋅ 260019976 MLS ⋅ ACTIVE Status

Nestled in a quiet cul de sac with one of the biggest lots on the block this centrally located smart home offers easy access to everything in San Diego while boasting over $100,000 in recent upgrades including PAID OFF SOLAR. This is the perfect opportunity to get into your forever home without breaking the bank! This truly 100% turnkey home also comes complete with a downstairs bedroom, Hollywood Hedge trees in the backyard for added privacy, a Tesla power wall, new flooring, tankless water heater, central AND portable AC, hot tub, power shades in the living room and downstairs master bedroom, and an extra freezer in the garage that will also convey. As well as a dedicated panic room in the upstairs master bedroom. Smart home features include ring security system which include cameras in the garage and front and back of the home, smart home facial recognition locks on the front door, myQ Smart Lock on the garage and front door, Alexa enable light switches and bulbs, Ecobee internet controlled thermostat, as well as washer and dryer plus pool and hot tub equipment which are all internet connected. Adding extra convenience to control them through the app.

5476 Maisel Way, San Diego

$1,395,000

6 Beds ⋅ 3 Baths ⋅ 260019718 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.

4921-23 Gary St is a brand-new construction duplex in the heart of the SDSU rental community, offering a rare turnkey investment opportunity. The property features a spacious 5BD/2BA unit alongside a 1BD/1BA unit, generating $8,340/month in combined rental income in one of San Diego's most consistently in-demand rental markets. Both units offer beautiful, brand-new interiors with zero deferred maintenance, giving new ownership immediate cash flow from day one. Driveway parking adds valuable convenience in a submarket where off-street parking is highly sought after. Ideally positioned near SDSU, transit, and neighborhood retail, this asset offers strong leasing velocity and long-term rental stability.

4921-23 Gary St, San Diego

$1,049,000

3 Beds ⋅ 2 Baths ⋅ 260019366 MLS ⋅ ACTIVE Status

CHARMING FULLY RENOVATED 3BR NEAR SDSU- PRIME LOCATION! Welcome to this beautifully renovated 3-bedroom, 2-bathroom home, perfectly situated just minutes from San Diego State University. This move-in-ready property has been completely transformed within the last two years — featuring a brand-new roof, all-new plumbing and electrical systems, fresh flooring throughout, and a fully updated kitchen, walk-in closet and bathrooms. Every detail has been thoughtfully addressed, offering peace of mind and modern comfort for years to come. The attached 2-car garage provides convenient parking and additional storage, while the unbeatable location puts you within walking distance of trendy shops, cozy cafés, and everyday essentials. With quick access to major freeways, commuting anywhere in San Diego is effortless. Whether you’re an investor seeking a turnkey rental near campus, a family looking for a stylish forever home, or a buyer wanting modern updates without the renovation hassle, this property checks every box. Don’t miss this rare opportunity!

5169 Catoctin, San Diego

$1,895,000

9 Beds ⋅ 4 Baths ⋅ 260018509 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.

Turn Key 2021 Renovation/construction student rental property leased through August 1st 2027 for $12,900 per month at a 5.6% Cap rate WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 5bed/2ba, ADU in back is a 4bed/2ba. All market rate no deed restrictions! Prime location short walk to the SDSU campus and Aquaplex & fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. 3 off street parking spots plus 8 street parking permits (4 per address). In unit washer dryers

5270-72 Manhasset Dr, San Diego

$2,300,000

4 Beds ⋅ 2 Baths ⋅ 260017923 MLS ⋅ ACTIVE Status ⋅ Sdsu BLDG.

Value-add duplex in San Diego's College Area near SDSU, offering a 3BD/1BA unit and a 1BD/1BA unit, ideal for an investor or owner-occupant seeking rental upside. Also available for purchase together with adjacent parcels at 5005 & 5011 63rd Street as a ±33,400 SF assemblage (3 APNs). Zoned RM-2-5, within SDA and TPA overlays, qualifying for CCHS Tier 3 (up to 6.5 FAR). Combined assemblage currently includes 7 existing residential units generating in-place income, with no development plans currently on file, covered land with redevelopment potential. Located minutes from SDSU, transit, shopping, and freeway access, in a submarket with active nearby multifamily and student housing development. Buyer to verify all zoning, entitlement, and development potential with the City of San Diego.

5023 63rd, San Diego

$1,049,000

3 Beds ⋅ 2 Baths ⋅ 260017863 MLS ⋅ ACTIVE Status

Welcome to this charming College Area home situated on a flat, usable 6,600 sq. ft. lot just minutes from San Diego State University. Offering 3 bedrooms, 2 bathrooms, and 1,404 sq. ft., this home has a functional floor plan, generously sized rooms, great natural light, and plenty of outdoor space to enjoy. Inside, original hardwood floors run throughout much of the home, while the bright kitchen features granite countertops, ample cabinetry, and a sunny breakfast nook. The spacious living and dining areas offer plenty of room to gather and entertain. The primary suite features a large walk-in closet and private ensuite bathroom with a dual-sink vanity and tiled walk-in shower. Two additional bedrooms are both generously sized, while the updated guest bathroom features stylish tilework, an oversized vanity, and charming architectural details. Central heating and air conditioning provide year-round comfort. Outside, the expansive backyard offers plenty of room to relax, entertain, garden, or make the space your own. A detached two-car garage provides additional parking and storage with potential for an ADU conversion, while a separately fenced green space behind the garage creates even more possibilities. Off-street parking adds another major convenience in this College Area location. Beyond everything the home offers today, the 6,600 sq. ft. lot also provides exciting long-term potential. Located within the recently approved Community Plan Update and new 5–9 dwelling units per acre zoning, buyers can explore future opportunities to add units or redevelop the property. Whether you're looking for a place to call home, a rental near SDSU, or a property with future development upside, this one offers flexibility for today and possibilities for tomorrow. Buyer to verify all zoning & development possibilities.

6223 Mesita Dr, San Diego

$1,249,999

8 Beds ⋅ 4 Baths ⋅ 260013616 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

5067 Alumni Place presents a rare opportunity to acquire a fully gut-remodeled 2-unit property with architectural plans to be submitted to city add two additional units with STREET ACCESS from both sides, offering both high rental income (BY SDSU) and clear development upside. The existing improvements consist of two spacious units, each featuring 4 bedrooms and 2 bathrooms at approximately 1,500 square feet per unit (Total 8B/4B). Both units have been completely renovated, providing modern layouts, updated systems, and strong rental appeal. Plans call for the construction of a new two-story building featuring two additional units with a patio deck: a 4-bedroom, 2-bath unit of approximately 1,200 square feet and a 2-bedroom, 1-bath unit of approximately 600 square feet, with one unit on each level (Total 6B/3B). Strategically located in the College Area, directly adjacent to San Diego State University, the property sits in one of San Diego’s strongest and most consistent rental corridors. Proximity to campus, transit, and neighborhood amenities makes this an ideal asset for investors seeking stable cash flow today with the ability to significantly increase density and long-term value. This property offers rare both front and back street access to both levels and the proposed new 2 unit. Parking is abundant on Reservoir Dr and does not require a permit. Both units are now vacant

5067 Alumni Pl, San Diego

$4,200,000

14 Beds ⋅ 7 Baths ⋅ 260012515 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.

Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus eligibility; SDA supports higher-intensity infill. Currently operating as student rentals — each property (SFR + attached ADU) is master-leased as a single unit. 5602 Dorothy Dr (7BR/3BA, 2,111 SF) leases at $11,600/month through 25/26, stepping up to $11,800/month for 26/27. 5610 Dorothy Dr (7BR/4BA, 2,500 SF) leases at $11,600/month through 25/26, stepping up to $11,850/month for 26/27 — totaling $23,200/month currently, escalating to $23,650/month with no lease-up risk.

5602 & 5610 Dorothy Dr, San Diego

$1,895,000

10 Beds ⋅ 5 Baths ⋅ 260004275 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Turn Key student rental property with a rent guarantee through August 2027 for $13,000 per month at a 5.8% CAP RATE WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 6bed/3ba, ADU in front is a 4bed/2ba. Units share access to the pool and deck with views overlooking the canyon. All market rate no deed restrictions! Located a short drive to SDSU campus surrounded by high demand student rentals. This property usually rents many months in advance each year due to the beautiful finishes through out and the large pool with views - a unique amenity that students search for in SoCal. Units have in-unit washer dryers, full kitchens, private entrances, and ample street parking.

5191 Alumni Pl, San Diego

$2,995,000

16 Beds ⋅ 9 Baths ⋅ 260004170 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

TURN KEY 4-unit SDSU student rental property offered at a 5.9% CAP rate WITH MANAGEMENT in place! 6407-13 Richard St is comprised of (1) 5BR/3BA, (2) 4BR/2BA, and (1) 3BR/2BA - totalling 16beds/9baths and 4,410 sqft. Current management is very effective in negotiatinghigh rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with earlyrenewals so vacancy averages less than 2%. This new construction property is expected to generate $20,200/month starting August 2026 rented on a year lease to students

6407-13 Richard St, San Diego

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