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  • 328 Milbrae Street

328 Milbrae Street, San Diego, CA 92113

$1,950,000 Approx. USD 8 beds, 4 baths
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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
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Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
 Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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Fax: 858-451-0932
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Listing Agent


Jordan A Concepcion
Lic#: 01936834
Broker: Courtesy of Apartment Realty Group (ARG)
Phone: 858-461-9910

Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 250037505
Price: $1,950,000
Beds: 8
Baths: 4 (4 full)
Built in 1959
2 stories
0.00 acres
Subdivision: SAN DIEGO
County: San Diego
Construction: Stone
MLS area: Metro Central

Last Updated: 2/24/2026

 Days On Market (DOM): 295

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This listing belongs to the Metro Central MLS area

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Lat/Long: 32.703046, -117.113911.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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