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

• MLS: ML81984096
• Type: Triplex
• Listed: 10/25/2024
• Schools: GS Dist: Jefferson Elementary District
  HS Dist: Jefferson Union High District
• Year Built: 1910

Existing Lease Term(s) 1 Year Lease Lease Agreement - Written Security Deposit Listing Class Residential Income (2-4 units) General Features Additional Rooms: Laundry Room Cooling: None Energy Features: Double Pane Windows Heating: Central Forced Air Horse Property: No Laundry: Coin Operated No of Stories: 2 Roof: Composition Sewer Septic: Sewer - Public Subclass: Triplex Water: Public

Flooring Tile Vinyl / Linoleum Kitchen Cooktop - Gas Countertop - Other Dishwasher Exhaust Fan Garbage Disposal Hood Over Range Microwave Oven - Electric Oven Range - Electric Refrigerator

Garage Parking Features Attached Garage Off-Street Parking Parking Area Security Features Fire System - Sprinkler