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.
For sale
$2,050,000
328 Milbrae St, San Diego, CA 92113
2beds
1baths
5,882sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$1,988,400 Zestimate®
$349/sqft
$-- HOA
What's special
Quartz countertopsNewer cabinetsLaminate flooring
- 16 days
- on Zillow |
- 161 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 09:45am
Listed by:
Jordan A Concepcion DRE #01936834 858-461-9910,
Apartment Realty Group (ARG)
Source: SDMLS,MLS#: 250034719
Originating MLS: San Diego Association of REALTOR

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Interior area
- Total structure area: 5,882
- Total interior livable area: 5,882 sqft
Video & virtual tour
Property
Features
- Stories: 2
Details
- Parcel number: 5462111800
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Community & HOA
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $349/sqft
- Date on market: 7/29/2025
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