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Daly City,CA 94014
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,151 sqft
Price per Sqft $639
MLS Listing ID ML81984874
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1910
Lot Size 4,007 Sqft
Acres 0.092
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