Property Map
Street View
Courtesy of EQ1, Andrew Pak 408-687-5866
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.
Property Details and Features
Foundation
- Concrete Slab
Roof
- Composition
Listing
- Source: MLSListings
- Listed on 2024-10-25 10:31:41
Lot
- Max Area: 4008.00
- Max Area Units: Square Feet
Bedrooms
- 8 bedrooms
Bathrooms
- 3 full bathrooms
Location
- County: San Mateo
Building
- Built in 1910
- 3,151 square feet
- 3,151 living square feet
- Building type: Detached
Accessibility Features
- Parking
Dining Room
- Dining Area in Family Room
Family Room
- Kitchen / Family Room Combo
Additional Rooms
- Laundry Room
Floors
- Tile
- Vinyl / Linoleum
Cooling
- None
Kitchen
- Cooktop – Gas
- Countertop – Other
- Dishwasher
- Exhaust Fan
- Garbage Disposal
- Hood Over Range
- Microwave
- Oven – Electric
- Oven Range – Electric
- Refrigerator
Laundry
- Coin Operated
Security Features
- Fire System – Sprinkler
Garage
- 2 garage spaces
- Attached Garage
- Off-Street Parking
- Parking Area
Parking
- 6 parking spaces
Water Features
- Public
Heating
- Central Forced Air
Utilities
- Individual Electric Meters
- Individual Gas Meters
- Public Utilities
Sewer
- Sewer – Public
Property
- Zoning: R00000
- Horse property?: No
Schools
- Elementary school district: Jefferson Elementary
- High school district: Jefferson Union High
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Listings last updated on November 23, 2024 10:04AM.