328 Milbrae St, Logan Heights, CA 92113
- $1,860,000
- 2
- BD
- 1
- BA
- 5,882
- SqFt
Listing courtesy of Listing Agent: Jordan A Concepcion (858-461-9910) from Listing Office: Apartment Realty Group (ARG).
Selling Office: Apartment Realty Group (ARG).- Sold Price
- $1,860,000
- List Price
- $1,950,000
- Status
- CLOSED
- Days on Market
- 74
- Closing Date
- Nov 10, 2025
- MLS#
- 250037425
- Subtype
- Residential Income
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 5,882
- MLS Area Major
- San Diego Central
Property Description
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.
Additional Information
- Stories
- 2
- Roof
- Composition
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