448 450 E ST, COLMA, CA 94014

MLS# ML81984096
Status: Active

82 PHOTOS
82 PHOTOS

  • $2,015,000

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  • 3151

    Approx. Sq. Ft.

  • 0.092

    Approx. Lot Size
MAP
  • Listing Class: Residential Income (2-4 units)
  • Property Type: Multi Family
  • Year Built: 1910
  • Stories: 2
  • # of Parkings: 6

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    Julie Tsai Law

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    Julie Tsai Law

    +1 650.799.8888

    Julie Tsai Law Realty Group partners with you throughout your home search process, providing their expertise and deep knowledge of San Francisco Bay Area’s real estate market to help you find a home you love.

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    Details

    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.

    Features

    General Features

    • Listing ClassResidential Income (2-4 units)
    • Parcel008-144-100
    • Year Built1910
    • Property TypeMulti Family
    • ZoningR00000
    • # of Stories2
    • FoundationConcrete Slab
    • Age114
    • Horse PropertyNo

    Interior Features

    • FlooringTile,Vinyl / Linoleum
    • Accessibility FeaturesParking
    • Kitchen FeaturesCooktop - Gas,Countertop - Other,Dishwasher,Exhaust Fan,Garbage Disposal,Hood Over Range,Microwave,Oven - Electric,Oven Range - Electric,Refrigerator
    • LaundryCoin Operated
    • Security FeaturesFire System - Sprinkler
    • Additional Room FeaturesLaundry Room

    Utilities & Energy

    • UtilitiesIndividual Electric Meters,Individual Gas Meters,Public Utilities
    • Sewer/SepticSewer - Public
    • CoolingNone
    • WaterPublic
    • HeatingCentral Forced Air
    • Energy Saving FeaturesDouble Pane Windows

    Parking

    • Parking Spaces6
    • Parking FeaturesAttached Garage,Off-Street Parking,Parking Area

    Neighborhood

    Colma

    Schools

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    Market Conditions

    Explore our neighborhoods – Colma
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    Median vs Average Sale Price
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    Price Per Square Feet
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    Sold Price vs List Price
    Sold Price
    List Price
    Days on Market
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    # of Homes Listed vs # of Homes Sold
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    COLMA Market Update September, 2024
    COLMA Market Update August, 2024
    COLMA Market Update July, 2024
    COLMA Market Update 2023

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    JULIE TSAI LAW REALTY GROUP

    JULIE TSAI LAW

    650.799.8888

    JULIE@JULIETSAILAW.COM

    DRE #01339682

    KRISTIN TSAI

    408.605.80000

    KRISTIN@JULIETSAILAW.COM

    DRE #01294153

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