448 450 E ST Active

Colma,CA 94014

$ 2015000

8 Beds

3 Baths

3151 SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,151 sqft

Price per Sqft $639

MLS Listing ID ML81984096

Bedrooms 8

Full Baths 3

Year Built 1910

Lot Size 4,008 Sqft

Property Description

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.

Location

State CA

County San Mateo

Area Colma

Zoning R00000

Rooms

Other Rooms Laundry Room

Kitchen Cooktop - Gas,Countertop - Other,Dishwasher,Exhaust Fan,Garbage Disposal,Hood Over Range,Microwave,Oven - Electric,Oven Range - Electric,Refrigerator

Interior

Heating Central Forced Air

Cooling None

Flooring Tile,Vinyl / Linoleum

Laundry Coin Operated

Exterior

Garage Attached Garage,Off-Street Parking,Parking Area

Garage Spaces 2.0

Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities

Roof Type Composition

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Special Listing Condition Not Applicable

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