Active
448 450 E Street
Colma CA, 94014
$2,015,000
$639.48 per sqft
Active
8 Beds
3 Baths
3,151 sqft
Residential
Built in 1910
Stunning Fully Rented Triplex with 5% Cap Rate in the Heart of Colma, CA! Welcome to this beautifully renovated triplex at 448, 450, and 450 1/2 E St in Colma, CA. Completely updated with permits, this property offers modern amenities and is compliant with todays standards, making it move-in ready for generational living or an ideal turn-key investment. This fully rented property generates a total monthly income of $10,749, or an annual income of $131,433.30, plus the additional laundry income from the laundry room at the property. Tenants pay for their utilities, leading to a cap rate of 5% at the list price of $2,015,000. Its the perfect opportunity for investors looking for a stable, low maintenance, income-generating property in a growing market. Nestled in a vibrant and friendly neighborhood, this triplex combines suburban tranquility with urban convenience. Located just 4 miles from Mussel Rock Park and Beach, 8 miles from San Francisco International Airport (SFO), 10 miles from downtown San Francisco, and 2 miles from Daly City, it's an ideal location for commuters and frequent travelers. The area is well-connected by public transit, ensuring hassle-free commuting. Don't miss out on this exceptional opportunity to own a piece of Colma's charm.
ML81984874
MLSⓇ ID
October 25, 2024
Listed
November 21, 2024
Updated
Map
448 450 E Street
Colma CA, 94014
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
3
Full Bathrooms
3
Appliances
Dishwasher, Disposal, Gas Range, Microwave
Laundry Description
Coin Operated
Floor Description
Tile
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.09 Acres
Roof
Composition Shingles
Sewer
Public Sewer
School Information
School District
Jefferson Elementary
Other Property Details
Area Name
Colma
Garage
Yes
Garage Spaces
2
Parking
Attached, Off Street, Parking Lot
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R000
Listed by Andrew Pak with EQ1
Listing Contact: 408-687-5866
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