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    Triplex with Attached Parking Title is generated by Realmo AI

    430 Pine AVE, Half Moon Bay, CA 94019

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    Claim this Listing
    For Sale
    Under Contract
    $1,300,000

    MULTI_FAMILY - HALF MOON BAY, CA

    Property size:
    3,834 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $339/SF
    Added:
    May 22, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 430 Pine AVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R30000
    Bedrooms
    7
    Rooms
    Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Laundry Room, Bedroom 6, Bedroom 2
    Parking
    3
    Parking features
    Garage - Attached, Assigned, Covered
    Fireplace
    1
    Appliances
    Oven Range - Electric
    Standard status
    Active Under Contract
    Size
    3,834 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Fireplace(s), Central, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1987
    Number of units
    3
    Flooring type
    Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Faye Liu

    Listing agent Faye Liu License #01877732

    Listing office Compass 1377 El Camino Real, San Francisco, CA

    Listing date May 22, 2026

    MLS# ML82037447 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Triplex building built in 1987 with three separate units
    • Unit 430 offers 3 beds, 2 baths, and approx. 1,326 SF
    • Units 432 and 434 each offer 2 beds, 1 bath, with approx. 924 SF per unit
    • Each unit has its own separate water, gas, and electrical meters; tenant pays for public utilities including trash
    • Parking includes attached garage, attached carport, and driveway parking with up to 3‑car parking per unit on the property
    • Brand‑new shingle roof installed in 2024 with a 10‑year warranty

    Overview

    This two-level triplex offers three residential units. The ground level includes three separate laundry rooms and Unit 430, a three-bedroom, two-bath layout with approximately 1,326 square feet. The upper level features Units 432 and 434 with similar floor plans, each approximately 924 square feet, configured as two-bedroom, one-bath homes.

    The property is situated west of Hwy 1 and near downtown Main Street, on a tranquil street at the corner of two streets. That corner location supports additional on-site parking, with each unit having up to 3-car parking spaces on the property itself, including 1-car from an attached garage, 1-car from an attached carport, and driveway parking.

    Each unit has separate water, gas, and electrical meters, with tenants responsible for utilities including trash. A brand-new roof was installed in 2024 and includes a 10-year warranty. The surrounding area is walkable, with beach, schools, park, Coastal Trail, farmers market, dining, and shops all described as within half a mile, and the location is positioned for an easy commute to San Francisco, Silicon Valley, and the Coast areas.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $170.2k $44.40
    − Vacancy −$11.1k −$2.89
    EGI $159.2k $41.51
    − OpEx −$47.7k −$12.45
    NOI $111.4k $29.06
    3,834 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.59M
    $1.39M – $1.86M (±1% cap)
    NOI $111,415 @ 7.0% cap · market cap 8.57%
    Second Best
    Apartment 5plus
    $1.49M
    $1.30M – $1.74M (±1% cap)
    NOI $104,350 @ 7.0% cap · market cap 8.03%
    Theoretical Best
    Warehouse
    $3.05M
    $2.66M – $3.55M (±1% cap)
    NOI $213,177 @ 7.0% cap · market cap 16.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Half Moon Bay
    County
    San Mateo
    State
    California
    Longitude
    -122.436969
    Latitude
    37.464953

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    FAQs

    What type of property is this?
    Triplex - Two-level triplex with up to three on-site parking spaces per unit and separate utility meters.
    Where is this triplex located?
    The property is located at 430 Pine AVE Half Moon Bay, CA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Triplex building built in 1987 with three separate units; Unit 430 offers 3 beds, 2 baths, and approx. 1,326 SF; Units 432 and 434 each offer 2 beds, 1 bath, with approx. 924 SF per unit
    (415) 217-9387
    We can help!
    Listing Contact
    Faye Liu
    Real Estate License ID: 01877732
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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