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$1,950,000

$6,000Reward *

328 Milbrae Street, San Diego, CA 92113Listing ID 250037505SD

328 Milbrae Street, San Diego, CA 92113

Active

San Diego

Time on site: 266 days • Last updated: Aug 29, 2025

Property Type

Residential Income

Property Sub Type

Days on Site

265

Cooling

None

Year Built

1959

Stories

Highest Current Cap Rate in all of San Diego County with upside! 8-2BR/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.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

SAND-670002

328 Milbrae Street, San Diego, CA 92113

Market Report for 92113

Property Information

Property Details

Location

Interior Features

Heating and Cooling

Building

Building Information