328 Milbrae Street, San Diego, CA 92113

Local realty services provided by:Better Homes and Gardens Real Estate Registry
328 Milbrae Street,San Diego, CA 92113
$1,950,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:jordan a concepcion
Office:apartment realty group (arg)
MLS#:250037505
Source:SANDICOR

Price summary

  • Price:$1,950,000

About this home

Highest Current Cap Rate in all of San Diego County with upside! 8-2BR/1BA units with a strong current cap rate of 6.59% and upside to reach a 8%+ cap rate through rent increases and minor improvements. The full 2-bedroom unit mix is highly desirable for tenants and supports long-term stability and rental growth. Select units feature updated finishes including quartz countertops, laminate flooring, and newer cabinets, with room for further upgrades to maximize rents. In addition the unit layouts can fit washer and dryer to further push rents for a new investor. Located in a low-vacancy area near major freeways, transit, employment centers, and just minutes from Downtown San Diego, the property offers solid cash flow with value-add potential.

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Home facts

  • Year built:1959
  • Listing ID #:250037505
  • Added:1 day(s) ago
  • Updated:August 29, 2025 at 02:28 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Structure and exterior

  • Roof:Composition
  • Year built:1959

Finances and disclosures

  • Price:$1,950,000
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