NOT LISTED FOR SALE
2 Beds
1 Bath
5,882 Sq Ft
-- Built

Sale Details

Date Sold: November 10, 2025

Last sale price $1,860,000 $316 Per Sq Ft

13 Days on Market

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Jordan Concepcion

Apartment Realty Group (ARG) License #01936834 Listed on: 08/28/2025

Last Buyer's Agent

Caleb Mancini

Apartment Realty Group (ARG) License #02253641

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Property Details

Home Type

  • Multi-Family

Home Design

  • Composition Roof

Interior Spaces

  • 2 Bedrooms
  • 5,882 Sq Ft Home
  • 2-Story Property

Community Details

  • 8 Units
  • Operating Expense $53,565

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 6.59
  • Co List Office Mls Id: 60078
  • Living Area: 5882.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-02-24T16:37:49Z
  • FullAddress: 328 Milbrae St
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 8
  • Annual Operating Expense: 53565.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2025
Closed on
Oct 13, 2025
Sold by
Bought by
Seller's Agent
Jordan Concepcion
Apartment Realty Group (ARG)
Buyer's Agent
Caleb Mancini
Apartment Realty Group (ARG)
List Price
$1,950,000
Sold Price
$1,860,000
Premium/Discount to List
-$90,000
-4.62%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,395,000
Outstanding Balance
$1,384,318
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2025
Sold by
Bought by

Purchase Details

Listed on
Nov 2, 2020
Closed on
May 13, 2021
Sold by
Bought by
Seller's Agent
Jordan Concepcion
Apartment Realty Group (ARG)
Buyer's Agent
Jordan Concepcion
Apartment Realty Group (ARG)
List Price
$1,680,000
Sold Price
$1,680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 12, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 14, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2008
Sold by
Bought by

Purchase Details

Closed on
May 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 1992

Purchase Details

Closed on
Apr 28, 1988

Purchase Details

Closed on
Apr 2, 1984

Purchase Details

Closed on
Mar 31, 1983
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,860,000 Chicago Title
-- None Listed On Document
$1,680,000 Chicago Title
$1,640,000 Commonwealth Land Title
$1,280,000 Commonwealth Land Title Comp
$1,250,000 None Available
-- Chicago Title Company
-- Chicago Title Company
-- Stewart Title Of Ca Inc
-- None Available
-- United Title Co San Diego
$895,000 United Title Co San Diego
$750,000 First American Title Co
$320,000 First American Title
$320,000 First American Title
$200,000 --
$250,000 --
$224,000 --
$170,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,395,000
Previous Owner $1,440,000
Previous Owner $1,350,000
Closed $924,000
Previous Owner $1,000,000
Previous Owner $896,000
Previous Owner $750,000
Previous Owner $195,000
Previous Owner $500,000
Previous Owner $545,000
Previous Owner $562,500
Previous Owner $40,000
Previous Owner $400,000
Previous Owner $16,465
Previous Owner $250,000
Previous Owner $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2025 11/10/25 Sold $1,860,000 -4.6% $316 / Sq Ft
09/10/2025 09/10/25 Pending -- -- --
08/28/2025 08/28/25 For Sale $1,950,000 +16.1% $332 / Sq Ft
05/28/2021 05/28/21 Sold $1,680,000 0.0% $286 / Sq Ft View Prior Sale
03/24/2021 03/24/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $1,680,000 0.0% $286 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $1,680,000 -- $286 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $22,816 $1,860,000 $1,300,000 $560,000
2025 $22,816 $1,818,485 $730,641 $1,087,844
2024 $21,953 $1,782,829 $716,315 $1,066,514
2023 $21,467 $1,713,600 $688,500 $1,025,100
2022 $20,895 $1,713,600 $688,500 $1,025,100
2021 $20,877 $1,690,129 $680,174 $1,009,955
2020 $20,624 $1,672,800 $673,200 $999,600
2019 $20,256 $1,640,000 $660,000 $980,000
2018 $15,026 $1,275,000 $408,000 $867,000
2017 $14,668 $1,250,000 $400,000 $850,000
2016 $9,221 $781,742 $304,575 $477,167
2015 $9,085 $770,000 $300,000 $470,000
2014 $8,591 $725,000 $432,000 $293,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250037425

San Diego MLS

APN: 546-211-18-00

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