About 328 Milbrae St
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.
Features of 328 Milbrae St
| MLS® # | 250037425 |
|---|---|
| Price | $1,950,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 5,882 |
| Type | Residential Income |
| Sub-Type | Com-Res Income |
| Status | Closed |
Community Information
| Address | 328 Milbrae St |
|---|---|
| Area | LOGAN HEIGHTS (92113) |
| County | San Diego |
| State | CA |
| Zip Code | 92113 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | Yes |
Interior
| Fireplace | Yes |
|---|---|
| # of Stories | 2 |
Exterior
| Roof | Composition |
|---|
Additional Information
| Date Listed | August 28th, 2025 |
|---|---|
| Days on Market | 13 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Apartment Realty Group (ARG) |
|---|