CA > San Diego
San Diego, CA 92113,328 Milbrae Street
San Diego, CA 92113,328 Milbrae Street
San Diego, CA 92113,328 Milbrae Street
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,950,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250037425SD

HOA Y/N No

Property Sub-Type Mixed Use

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 92113 - Logan Heights

Interior

Fireplace No

Exterior

Roof Type Composition

Others

Tax ID 5462111800

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

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CRMLS – RECore
Listed by Jordan Concepcion Apartment Realty Group (ARG)

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