Building Details

Year built 1946

Number of units 2

Flooring type Linoleum, Laminate

Roof type Composition

Listing Agency: REMAX Gold Pacifica · RE/MAX International g***@gmail.com Show Phone

Listed By: Team Pete & Christine · License #70010022 Show Phone

Added: Jul 14 Changed: Sep 13 Last Checked: Oct 7 at 9:06AM

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MLS# ML82053206

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Investment Insights

Based on property information with market context.

This 1946 duplex contains 1,190 square feet on a 0.1301-acre lot in Moss Beach. The upper residence has two bedrooms and one bathroom, while the lower residence provides one bedroom and one bathroom. Interior features include laminate and linoleum flooring, electric heating, a dishwasher, hood over range, and electric range oven. Covered parking, a composition roof, public water, and R10000 zoning are also in place.

Outdoor improvements include low-maintenance front landscaping and a large rear yard with sitting, BBQ, play, and gardening areas. The property is positioned near local beaches, surfing, hiking, Fitzgerald Marine Reserve, Moss Beach Distillery, Princeton Harbor, Half Moon Bay Airport, and the Cabrillo Unified School District. Its two-unit layout supports residential occupancy, extended-family arrangements, or rental use as described in the property information.

Key Highlights

• Two‑unit duplex with a 2‑bedroom, 1‑bath upper residence and 1‑bedroom, 1‑bath lower residence
• 1,190 square feet on a 0.1301‑acre lot
• Built in 1946 with R10000 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,581

Cap Rate

2.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,620 $691.6K

Cap Rate 7%

$494,014 $494.0K

Cap Rate 9%

$384,233 $384.2K

Market Conditions

NOI Build-Up for 1,190 SF

Gross rent

$52.8K $44.40/SF

− Vacancy

−$3.4K −$2.89/SF

EGI

$49.4K $41.51/SF

− OpEx

−$14.8K −$12.45/SF

NOI

$34.6K $29.06/SF

Area

San Mateo County, CA

Vacancy

6.50%

Lease Rate

$44.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,620

Cap Rate 7%

$494,014

Cap Rate 9%

$384,233

Alternative Uses

Best Use

Multifamily LT 5

$494.0K

$432.3K – $576.4K (±1% cap)

NOI $34,581 @ 7.0% cap · market cap 2.88%

Second Best

Apartment 5plus

$462.7K

$404.9K – $539.8K (±1% cap)

NOI $32,388 @ 7.0% cap · market cap 2.70%

Theoretical Best

Warehouse

$945.2K

$827.1K – $1.10M (±1% cap)

NOI $66,166 @ 7.0% cap · market cap 5.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Explore this area Business Placement

Demographics for 94038, CA

3,176

Population

1,007

Households

3.2

Avg Household Size

45

Median Age

51%

College-Educated

82%

High-School Grad

5.9 sq mi

ZIP Area

538

Density / Sq Mi

$128,333

Median Household Income

$45,365

Median Earnings

$1,112,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer flexible occupancy, rental, or extended-family use near Moss Beach’s coastal amenities.

Where is this duplex located?

The property is located at Cypress AVE Moss Beach, CA.

What is the asking price?

The asking price for this property is $1,198,888.

What are key features of this property?

This property features: Two‑unit duplex with a 2‑bedroom, 1‑bath upper residence and 1‑bedroom, 1‑bath lower residence; 1,190 square feet on a 0.1301‑acre lot; Built in 1946 with R10000 zoning