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328 Milbrae St San Diego, CA 92113

For Sale
$1,950,000

Multifamily property with high cap rate and value-add potential.

Source: Apartment Realty Group (ARG) Agent Jordan Concepcion

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

San Diego Multifamily Investment Opportunity

This multifamily property in San Diego features a unit mix of two-bedroom, one-bathroom apartments. The property currently has a cap rate of 6.59% with the potential to reach over 8% through rent increases and minor improvements. Select units have updated finishes, including quartz countertops, laminate flooring, and newer cabinets, with opportunities for further upgrades to maximize rents. Unit layouts can accommodate washer and dryer installations, offering additional potential to increase rental income. The property is situated in a low-vacancy area with convenient access to major freeways, transit options, and employment centers. It is also located minutes from Downtown San Diego. This property offers solid cash flow with value-add potential.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
San Diego
County
San Diego
State
California
Longitude
-117.11389
Latitude
32.7030393

FAQs

What type of property is this?
Apartment building - Multifamily property with high cap rate and value-add potential.
Where is this apartment building located?
The property is located at 328 Milbrae St San Diego, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: - Highest Current Cap Rate in San Diego County (6.59%) with potential to reach 8%+; - All Units are Desirable 2BR/1BA Layouts, supporting long-term stability and rental growth; - Value-Add Potential through rent increases and minor improvements
More about this property
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