Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81984096
MLS Source
MLSListings, Inc.
Days on Site
29
Interior Features
Kitchen
Countertop - Other, Exhaust Fan
Appliances
Cooktop - Gas, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Electric, Oven Range - Electric, Refrigerator
Flooring
Tile, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Attached Garage, Off-Street Parking, Parking Area, Garage: 2 Car(s)
Elementary District
Jefferson Elementary San Mateo
High School District
Jefferson Union High
Sewer
Public Sewer
Water
Public
Zoning
R00000
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 872 | 3 | 1/0 | $3,599 |
| 2 | 914 | 2 | 1/0 | $3,200 |
| 3 | 1,365 | 3 | 1/0 | $3,950 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
448 450 E St is a Triplex in Colma, CA 94014. This 3,151 square foot property sits on a 4,008 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,015,000 and was built in 1910. This address can also be written as 448 450 E St, Colma, CA 94014.
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This listing information is up-to-date as of November 19, 2024. For the most current information, please contact Andrew Pak, (408) 687-5866
