Price Reduced! We are pleased to present the Milbrae Apartments, an 8 unit apartment building located in Logan Heights. The subject property is situated on a large 6,593 square foot lot and is comprised of eight 2-bedroom/1-bath units totaling approximately 5,882 square feet. A 6.59 % Current Cap Rate with upside in rents allows for a fast and achievable 8% Pro Forma Cap Rate. The 2br units have plenty of space to fit in unit washer and dryers. In addition, many of the units have gone through recent renovations and the property has on-site laundry. The Milbrae St apartments is an opportunity for an owner to obtain a property with an excellent unit mix that cash flows strongly with upside through rent increases. In addition, this property sits in a historically low vacancy area that is close to major freeways, transportation, employment, and is minutes from Downtown San Diego.