328 Milbrae St
Listing provided courtesy of Jordan Concepcion of Apartment Realty Group (ARG). Last updated 2025-09-10 08:36:51.000000. Listing information © 2025 Client MLS.
Asking Price: $1,950,000
328 Milbrae St, San Diego CA 92113
Community: 92113 - Logan Heights
This Commercial/Residential property was built in 0 and is priced at $1,950,000. Please see the additional details below.
Highest Current Cap Rate in all of San Diego County with upside! All 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.
