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

$2,300,000

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

5023 63rd Street presents a value-add duplex opportunity in San Diego’s College Area. The property features a three-bedroom, one-bath residence and a one-bedroom, one-bath unit, offering flexibility for an investor or owner-occupant. Conveniently located near SDSU, shopping, dining, public transportation, and major freeways, the property provides an opportunity to renovate, improve rental income, and build long-term value.

5023 63rd, San Diego

$1,099,000

3 Beds ⋅ 2 Baths ⋅ 260017863 MLS ⋅ ACTIVE Status

Exceptional investment and development opportunity just outside San Diego State University. Situated on a flat, usable 6,600 sq. ft. lot, this 3-bedroom, 2-bath home offers immediate rental income today with outstanding redevelopment potential for tomorrow. Located within the recently approved Community Plan Update, the property is expected to accommodate multiple residential units under the new 5-9 dwellings per acre zoning (buyer to verify) making it an ideal opportunity for investors and developers looking to capitalize on the student rental market. While planning your future project, the existing 1,404 sq. ft. home is perfectly suited as a student rental with a functional floor plan, generously sized bedrooms, and spacious living and dining areas that comfortably accommodate roommates. The primary suite features a large walk-in closet and private ensuite bathroom with dual-sink vanity and a tiled walk-in shower. The updated guest bathroom offers stylish tilework, an oversized vanity, and charming architectural details. Hardwood floors run throughout much of the home, and the bright kitchen offers granite countertops along with a sunny breakfast nook. The home also has central heating and air conditioning providing year-round comfort. Outside, the expansive backyard provides ample room for future development, while the detached two-car garage offers additional storage, parking, or potential ADU conversion. Behind the garage is a separately fenced green space that is part of the property and can aid in future development. A long driveway provides abundant off-street parking—an invaluable amenity for student housing. Located just minutes from SDSU, Trader Joe’s, shopping, restaurants, events at Viejas Arena and public transportation, this property offers the rare combination of immediate cash flow and long-term upside. Rent it now, develop later, or maximize the site's full potential under the new zoning. Opportunities like this in the College Area are becoming increasingly difficult to find.

6223 Mesita Dr, San Diego

$1,089,000

3 Beds ⋅ 2 Baths ⋅ 260017422 MLS ⋅ ACTIVE Status

A special opportunity to own a William Krisel, AIA Mid-Century Modern home in pristine condition awaits you! This home is tucked away in a coveted cul-de-sac street, walking distance to SDSU and within minutes to major San Diego attractions such as Snap Dragon Stadium, Sea World and Petco Park. This lovely mid-century modern home honors its designer’s reputation of iconic design and is complimented with select beautiful interior finishes. The updates made to this house amazingly accentuates the best features of this highly desired mid-century modern designed home. This home is well maintained, move in ready, warm and inviting because it excels in “pride of ownership.” This 3 bedrooms, 2 bath home’s signature designed vaulted tongue-and-groove ceilings is beautifully illuminated by natural sunlight. Ne The open air concept kitchen was meticulously designed with a perfect size kitchen island, walk in pantry, an abundance of storage and stainless steel appliances. The architectural lines and dimensions create an airy, expansive feel throughout the home. An adjacent sunroom expands the home’s open concept giving an indoor/outdoor with a feel providing an experience of living larger than its true size. The backyard is very private. The garden has been lovingly kept creating a calming personal outdoor sanctuary. It is a perfect size for your own enjoyment or entertaining family and friends. The benefits of owning a William Krisel, AIA designed home are beyond homeownership.By becoming the next homeowner of this home, you will have distinguished yourself as a connoisseur

4929 Baja, San Diego

$1,550,000

2 Beds ⋅ 2 Baths ⋅ PTP2605261 MLS ⋅ ACTIVE Status

First time on the market in 50 years! Located in the desirable "College Area" of Point Loma, this 2-bedroom, 2-bath home offers 1,233 square feet of comfortable living space on a corner lot. The floor plan is filled with abundant natural light and features an inviting family room, an ensuite bath in the primary bedroom, and a detached two-car garage. Original hardwood floors lie beneath the wall-to-wall carpeting in most rooms, presenting the opportunity to restore their timeless beauty. Enjoy neighborhood views plus this is an exceptional location just a few short blocks from the picturesque campus of Point Loma Nazarene University, where breathtaking Pacific Ocean and coastline views await. This is a great opportunity to own a home that has been lovingly held by the same family for many years. Don't miss your chance to make it your own! First time on the market in 50 years! Located in the desirable "College Area" of Point Loma, this 2-bedroom, 2-bath home offers 1,233 square feet of comfortable living space on a corner lot. The floor plan is filled with abundant natural light and features an inviting family room, an ensuite bath in the primary bedroom, and a detached two-car garage. Original hardwood floors lie beneath the wall-to-wall carpeting in most rooms, presenting the opportunity to restore their timeless beauty. Enjoy neighborhood views plus this is an exceptional location just a few short blocks from the picturesque campus of Point Loma Nazarene University, where breathtaking Pacific Ocean and coastline views await. This is a great opportunity to own a home that has been lovingly held by the same family for many years. Don't miss your chance to make it your own!

880 Tarento Dr, Point Loma

$1,595,000

8 Beds ⋅ 4 Baths ⋅ 260016052 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. Shown only with an accepted offer.

6266-68 Stewart St, San Diego

$1,049,900

3 Beds ⋅ 2 Baths ⋅ 260015936 MLS ⋅ ACTIVE Status

Priced to sell! Phenomenal Price for a fully renovated home with strong location! Designed with timeless architectural influence and thoughtfully reimagined for modern living, this stunning mid-century modern residence—believed to be originally designed by renowned architect William Krisel, AIA, in 1960—beautifully honors the era’s iconic design language while blending today’s most sought-after finishes. Vaulted exposed tongue-and-groove ceilings and clean architectural lines create an airy, expansive feel throughout the home, while thoughtfully added strip LED and soffit recessed lighting enhances the warmth and character of the space. The open-concept kitchen flows seamlessly into the living area, allowing the home to live far larger than its true size. A striking mid-century inspired fireplace with statement tile serves as the focal point of the main living space. Extensively remodeled throughout, the home features new LVP flooring, premium white oak skinny shaker cabinetry, custom white oak entry built-ins with integrated LED lighting, and beautifully finished bathrooms with designer tile selections. Outside, the property has been upgraded with custom landscaping and low-maintenance synthetic turf, creating a clean and modern aesthetic with minimal upkeep. The spacious lot extends up the hillside, offering potential for an additional outdoor entertaining deck or view space to further enhance the property’s lifestyle appeal. A rare opportunity to own a thoughtfully restored architectural gem in one of San Diego’s most desirable mid-century neighborhoods.

5556 Baja Dr, San Diego

$1,399,999

5 Beds ⋅ 3 Baths ⋅ 260015027 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 his 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

$1,399,999

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. Bank just appraised it for 1.7M! 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. The top unit has been rented out for 5K/month on a 6 month lease to help carrying cost until summer rental season. This property offers more value compared to recent listings or sold comps in the area.

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

$1,650,000

8 Beds ⋅ 4 Baths ⋅ 2600802 MLS ⋅ ACTIVE Status

College Area stabilized cash flow! 4941 Gary (main house) leased to June 2026 $6800/mo. 6485 Montezuma (ADU) leased to June 2026 $5450/mo total rent: $12,250/mo. Professional property management specializing in College Area in place if desired. Main house is single level and spacious 4bed/2Bath 1570sqft. ADU has a completely separate entrance from Montezuma with private driveway and parking. Each unit has its own dedicated yard space.

4941 Gary St, San Diego

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