Listing by: Andrew Pak, EQ1

8 Beds

3 Baths

3,151 SqFt

Active

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
Price $2,015,000
Bedrooms 8
Full Baths 3
Total Baths 3
Lot Size Area 4008
Lot Size Area Units Square Feet
Acres 0.092
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 2
Year Built 1910
Roof Composition
Heating Central
Foundation Slab
Accessibility Parking
Parking Description Off Street
Parking Spaces 6
Garage spaces 2
Geographic Data
Directions Cross Street: Clark Ave
County San Mateo
Latitude 37.70521047
Longitude -122.44577725
Market Area 699 - Not Defined
Address Information
Address E Street, Colma, CA 94014
Postal Code 94014
City Colma
State CA
Country United States
Listing Information
Listing Office EQ1
Listing Agent Andrew Pak
Special listing conditions Standard
Virtual Tour URL https://sites.nxt-genmedia.net/vd/150851306
School Information
District Other
MLS Information
Days on market 25
MLS Status Active
Listing Date Oct 25, 2024
Listing Last Modified Nov 19, 2024
Tax ID 008144100
MLS Area 699 - Not Defined
MLS # ML81984874

This information is believed to be accurate, but without any warranty.
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