328 Milbrae St, San Diego, CA 92113

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$1,950,000

Est. payment - /mo

2 Beds

5,882 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Pending

Purchase Type For Sale

Square Footage 5,882 sqft

Price per Sqft $331

MLS Listing ID 250037425

Bedrooms 2

Property Sub-Type Com-Res Income

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.

Location

State CA

County San Diego

Area Metro Central

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Others

Senior Community No

Tax ID 546-211-18-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/250032106

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Listed by Jordan A Concepcion Apartment Realty Group (ARG)

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328 Milbrae St San Diego, CA 92113