448 450 E ST, Colma, CA 94014 – ML81984096 - Matt Cossell

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

$2,015,000

Est. payment - /mo

8 Beds

3 Baths

3,151 SqFt

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UPDATED:

11/19/2024 10:13 PM

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

Level or Stories 2

Others

Tax ID 008-144-100

Security Features Fire System - Sprinkler

Horse Property No

Special Listing Condition Not Applicable

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Listed by Andrew Pak • EQ1

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971