PRICE REDUCED!!! All 2BR/1BA units with a strong current cap rate of 6.2% and upside to reach a 7% cap rate through rent increases. The full 2-bedroom unit mix is highly desirable for tenants and supports long-term stability and rental growth. Many units feature updated finishes including quartz countertops, laminate flooring, and newer cabinets, with room for further upgrades to maximize rents. 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.
Property Details
Price:
$2,050,000
MLS #:
250034719SD
Status:
Active
Baths:
0
Address:
328 Milbrae Street
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92113loganheights
City:
San Diego
Listed Date:
Jul 29, 2025
State:
CA
ZIP:
92113
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Courtesy of Apartment Realty Group (ARG). Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 328 Milbrae Street
San Diego, CA
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