328 Milbrae St, San Diego, CA 92113

Local realty services provided by:ERA North Orange County Real Estate
328 Milbrae St,San Diego, CA 92113
$1,950,000
Virtual Tour
  • 2 Beds
  • 1 Baths
  • 5,882 sq. ft.
  • Multi-family
  • Pending
Listed by: jordan a concepcion
Office: apartment realty group (arg)
MLS#:250037425
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$331.52

About this home

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.

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Home facts

  • Listing ID #:250037425
  • Added:174 day(s) ago
  • Updated:February 19, 2026 at 08:36 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Living area:5,882 sq. ft.

Structure and exterior

  • Roof:Composition
  • Building area:5,882 sq. ft.

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$331.52
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