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Coldwell Banker Realty
328 Milbrae St, Logan Heights, CA 92113
- $1,860,000
- Sold Price
- $1,860,000
- List Price
- $1,950,000
- Closing Date
- Nov 10, 2025
- Status
- CLOSED
- MLS#
- 250037425SD
- Days on Market
- 0
- Property Type
- Commercial
- 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.
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Additional Information
- Cooling
- Yes
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $186,300
- Operating Expense
- 53565
Listing courtesy of Listing Agent: Jordan Concepcion (jordan.concepcion@arg1031.com) from Listing Office: Apartment Realty Group (ARG).
Listing sold by Caleb Mancini from Apartment Realty Group (ARG)
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.