448 450 E ST, Colma, CA 94014 - MLS#ML81984096 - Eric Boyenga

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 2,015,000

Est. payment | -/mo

8 Beds

3 Baths

3,151 SqFt

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$ 2,015,000

Est. payment | -/mo

Save

8 Beds

3 Baths

3,151 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

Originating Board MLSListings, Inc.

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

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 6.0

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

Roof Type Composition

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 008-144-100

Special Listing Condition Not Applicable

Listed by Andrew Pak • EQ1

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA