Half Moon Bay Triplex Near
For Sale
$1,300,000
Pending
430 Pine Ave, Half Moon Bay, CA 94019
Triplex near Main Street with ample parking and new roof.
Property Size1,326 SF
Days on Market101
Property Features for 430 Pine Ave
General Information
Standard status
Pending
Size
1,326 SF
Property subtype
Investment
Building Details
Year Built
1987
Listing Agency:
Compass
(415) 217-9387
Listed By:
Faye Liu · License #01877732
(415) 217-9387
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This two-level triplex building is located west of Highway 1, near downtown Main Street. Situated on a corner lot on a quiet street, the property provides extra parking, with each unit having up to three parking spaces, including one-car attached garages, one-car attached carports, and one-car driveway parking spaces. The ground level features three separate laundry rooms and Unit 430, which includes three bedrooms and two bathrooms, encompassing approximately 1326 square feet. The upper level contains Unit 432 and Unit 434, each with a similar floor plan of approximately 924 square feet, featuring two bedrooms and one bathroom. Each unit has separate water, gas, and electrical meters, and tenants are responsible for all public utilities, including trash. A new roof was installed in 2024 with a 10-year warranty. The property is within walking distance of the beach, schools, a park, the Coastal Trail, a farmers market, dining, and shops, all within half a mile. It also offers an easy commute to San Francisco, Silicon Valley, and coastal areas. The bike score is 60, indicating bikeable conditions, while the walk score is 0, suggesting car dependence.
Key Highlights
- Triplex building near downtown Main Street and west of Hwy 1.
- Each unit has separate meters for water, gas, and electricity; tenants pay all utilities including trash.
- New roof installed in 2024 with a 10‑year warranty.**
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 | $58.9k | $44.40 |
| − Vacancy | −$3.8k | −$2.89 |
| EGI | $55.0k | $41.51 |
| − OpEx | −$16.5k | −$12.45 |
| NOI | $38.5k | $29.06 |
1,326 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.5K
$481.7K – $642.2K
NOI $38,533 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$515.6K
$451.1K – $601.5K
NOI $36,090 @ 7.0% cap · market cap 2.78%
Theoretical Best
Warehouse
$1.05M
$921.6K – $1.23M
NOI $73,728 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 94019, CA
15,483
Population
5,849
Households
2.6
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
259
Density / Sq Mi
$153,272
Median Household Income
$72,042
Median Earnings
$1,977
Median Rent
$1,509,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex near Main Street with ample parking and new roof.
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 near downtown Main Street and west of Hwy 1.; Each unit has separate meters for water, gas, and electricity; tenants pay all utilities including trash.; New roof installed in 2024 with a 10‑year warranty.**
