Active

448 450 E Street

Colma CA, 94014

$2,015,000


$639.48 per sqft

Active

8 Beds

3,151 sqft

Multi-family

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.

ML81984096

MLS ID

October 25, 2024

Listed

November 21, 2024

Updated

Map

448 450 E Street
Colma CA, 94014

Interior Features

Bedrooms

8


Laundry Description

Coin Operated


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

No Air Conditioning


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.09 Acres

School Information

School District

Jefferson Union High

Other Property Details

Area Name

Colma


Garage

No


View

No


County

San Mateo


Pool

No


Zoning

R000

Listed by Andrew Pak with EQ1
Listing Contact: 408-687-5866 

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