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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