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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 2,015,000

Est. payment -/mo

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New

E ST Colma, CA 94014

8 Beds

3 Baths

4,007 Sqft Lot

UPDATED:

10/27/2024 05:39 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81984874

Bedrooms 8

Full Baths 3

HOA Y/N No

Year Built 1910

Lot Size 4,007 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 699 - Not Defined

Zoning R00000

Interior

Heating Central

Cooling None

Flooring Tile

Fireplace No

Appliance Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan

Exterior

Garage Off Street

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Roof Type Composition

Accessibility Parking

Parking Type Off Street

Attached Garage Yes

Total Parking Spaces 6

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Other

Others

Tax ID 008144100

Security Features Fire Sprinkler System

Special Listing Condition Standard

Listed by Andrew Pak • EQ1

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

E ST Colma, CA 94014

Key Details

Location

Interior

Exterior

Building

Schools

Others

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