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.