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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