448-450 E Street

Colma, CA 94014

$2,015,000
Price
Beds
3,151 Sq. Ft.
$639 / Sq. Ft.
3,151
Sq. Ft.
$639
per Sq. Ft.

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...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.
  1. Listed by Andrew Pak • DRE #01877208 • Brokerage DRE #01931861 • EQ1 • 408-687-5866

Property Details for 448-450 E Street

MLS City Name
COLMA
Building Type
TRIPLEX
Garage Spaces
2
Parking Spaces
6
LISTING UPDATED: 11/19/2024 03:13 PM

Property Details for 448-450 E Street

StatusActive
MLS #ML81984096
Days on Compass27
Taxes$25,187 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1910
Lot Size0.09 AC / 4,008 SF
CountySan Mateo County

Virtual Tour

Building Information for 448-450 E Street

Stories2Residences3Year Built1910Building Size-Lot Size0.09 AC / 4,008 SF

Property Information for 448-450 E Street

Features
External Links
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Cooktop - Gas, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Electric, Oven Range - Electric, Refrigerator
Features
  • Energy Features: Double Pane Windows
  • Fireplace: No
  • Flooring: Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 3151
  • Pool: No
  • Security Features: Fire System - Sprinkler
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Central Forced Air
  • Meters: Separate Electric, Separate Gas, Separate Other
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Off-Street Parking, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Area Text: Colma
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 448 450
  • Street Name: E
  • Street Suffix: Street
  • Area ID: 670
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3151
  • Structure SqFt Source: Other
  • Age: 114
Development Information
  • Ownership Type: Trust
  • Zoning Detail: R00000
Location Information
  • Parcel Number: 008-144-100
  • County Name: San Mateo
  • City Name: COLMA
  • City Postal ID: 11
  • Postal Code: 94014
  • Elementary School District: 693
  • High School District Text: Jefferson Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .09
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $25,187
  • Building Unit Total: 3
  • Capitalization Rate: 5.00
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $4,055
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $1,440
  • Expenses Total: $30,682
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities
  • Gross Rent Multiplier: 15.33
  • Income Annual Gross: $131,433
  • Income Annual Rental: $128,988
  • Income Gross Scheduled: $131,433
  • Income Other: $2,445
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,599
Unit 2 Information
  • Unit 2 Approx Square Footage: 914
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,200
Unit 3 Information
  • Unit 3 Approx Square Footage: 1365
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $3,950
Unit Type 1
  • Unit Type1 Approx SqFt: 872

Property History for 448-450 E Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 448-450 E Street

Taxable ValueLand$14,624Additions$43,759Total$58,383
Tax Record2020$2,328 ($194 / month)
Home Facts
Beds0Lot Size4,008 SqFtStyleSingle Family ResidenceZoningR00000CountySAN MATEOAPN008144100

Schools near 448-450 E Street

This home is within Jefferson Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Susan B. Anthony Elementary School
PublicK to 5

Thomas R. Pollicita Middle School
Public6 to 8

Westmoor High School
Public9 to 12

Oceana High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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448-450 E Street is a multi-family home for sale in Colma, CA 94014. This property was listed for sale on October 25, 2024 by EQ1, it's currently listed at $2,015,000. This listing's school districts are Jefferson Elementary School District, Jefferson Union High School District. Nearby schools include Susan B. Anthony Elementary School, Thomas R. Pollicita Middle School and Westmoor High School. 448-450 E Street is a 0-bed, 0-bath, 3,151 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EQ1, Andrew Pak, DRE #01877208

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.