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$1,950,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 2 Total Beds
  • Updated 11 days ago
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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.

Full Property Details for 328 Milbrae St

General

  • Price: $1,950,000
  • Status: Pending
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 250037425
  • Updated: 1/5/2026
  • Added to Site: 141 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Location

  • Area: LOGAN HEIGHTS (92113)
  • County: San Diego

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 5,882
  • Living Area: 5,882 Sq. Ft.

Unit Information

  • Units in Building: 8

Financial Considerations

  • Operating Expenses: $53,565

Disclosures and Reports

  • Property ID: 546-211-18-00

Listed by Apartment Realty Group (ARG) (619) 222-9500, Jordan A Concepcion

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Listing agent

— 328 Milbrae St —

  • Jordan A Concepcion

    Apartment Realty Group (ARG)

jordan.concepcion@arg1031.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 328 Milbrae St

School District:San Diego City Unified School District
NameGradesDistance
Emerson/Bandini Elementary School
3510 Newton Avenue, San Diego, CA 92113
K-50.6 mi
Logan Memorial Educational Campus
2875 Ocean View Boulevard, San Diego, CA 92113
6-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 328 Milbrae St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/13/2025
Sold
$1,860,000
-4.62%
Public Record
9/04/2025
Listed
$1,950,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 328 Milbrae St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,816
4%
$1,818,485
2%
2024
$21,953
2%
$1,782,829
2%
2023
$21,467
3%
$1,747,872
2%
2022
$20,895
—
$1,713,600
1%
2021
$20,877
1%
$1,690,129
1%
2020
$20,624
2%
$1,672,800
2%
2019
$20,256
35%
$1,640,000
29%
2018
$15,026
2%
$1,275,000
2%
2017
$14,668
59%
$1,250,000
60%
2016
$9,221
1%
$781,742
2%
2015
$9,085
6%
$770,000
6%
2014
$8,591
4%
$725,000
4%
2013
$8,275
—
$696,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 328 Milbrae St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Apartment Realty Group (ARG) (619) 222-9500, Jordan A Concepcion

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328 Milbrae St, San Diego, CA 92113 (MLS# 250037425) is a Multi-Family property with 8 units containing 2 bedrooms and 0 full bathrooms. 328 Milbrae St is currently listed for $1,950,000 and was received on August 28, 2025. Want to learn more about 328 Milbrae St? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

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