Triplex with Separate Laundry
For Sale
Under Contract
$1,300,000
430 Pine Avenue, Half Moon Bay, CA 94019
ResidentialIncome, HalfMoonBay, CA
Property Size3,834 SF
Lot Size0.14 Acres
Price / SF$339.07
Days on Market237
Property Features for 430 Pine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R30000
Parking
3
Parking features
Covered, Garage, Assigned
Fireplace
1
Accessibility
Accessible Approach with Ramp
Appliances
OvenRangeElectric
Lot features
Grade Mostly Level
Elementary school
CabrilloUnified
High school
CabrilloUnified
Elementary school district
CabrilloUnified
High school district
CabrilloUnified
Subdivision
PilarcitosPark
Standard status
Active Under Contract
APN
056-145-010
Size
3,834 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
15771
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Forced Air, Natural Gas, Central
Water source
Public
Amenities
laundry rooms
Building Details
Year built
1987
Floors in Building
2
Number of units
3
Flooring type
Carpet
Roof type
Shingle
Listing Agency:
Compass
(650) 462-1111
Listed By:
Faye Liu · License #01877732
(415) 217-9387
Added: Mar 5
Changed: Oct 21
Last Checked: Oct 28 at 9:06AM
MLS# ML82037447
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.
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Investment Insights
Based on property information with market context.
This two-level triplex contains three residences and three separate laundry rooms on the ground floor. The lower-level unit has three bedrooms and two bathrooms across approximately 1326 square feet. Two upper-level units each offer two bedrooms and one bathroom in approximately 924 Sqft. The building totals 3834 square feet on a 0.1377-acre lot, and was built in 1987.
Parking for each unit can accommodate up to three vehicles, with an attached garage, attached carport, and driveway space. Each residence has separate water, gas, and electrical meters; tenants pay for utilities, including trash. A new shingle roof was installed in 2024 with a 10-year warranty.
The property is within half a mile of the beach, schools, a park, the Coastal Trail, a farmers market, dining, and shops. It is zoned R30000.
Parking for each unit can accommodate up to three vehicles, with an attached garage, attached carport, and driveway space. Each residence has separate water, gas, and electrical meters; tenants pay for utilities, including trash. A new shingle roof was installed in 2024 with a 10-year warranty.
The property is within half a mile of the beach, schools, a park, the Coastal Trail, a farmers market, dining, and shops. It is zoned R30000.
Key Highlights
- Three‑unit building totaling 3834 square feet
- 0.1377‑acre lot; built in 1987
- One 3‑bedroom, 2‑bathroom unit of approximately 1326 sqft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,415
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,228,300
$2.2M
Cap Rate 7%
$1,591,643
$1.6M
Cap Rate 9%
$1,237,944
$1.2M
Market Conditions
NOI Build-Up for 3,834 SF
Gross rent
$170.2K $44.40/SF
− Vacancy
−$11.1K −$2.89/SF
EGI
$159.2K $41.51/SF
− OpEx
−$47.7K −$12.45/SF
NOI
$111.4K $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%
$2,228,300
Cap Rate 7%
$1,591,643
Cap Rate 9%
$1,237,944
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.86M
NOI $111,415 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,350 @ 7.0% cap · market cap 8.03%
Theoretical Best
Warehouse
$3.05M
$2.66M – $3.55M
NOI $213,177 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,180
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own utility meters, with tenants responsible for their utility service.
Where is this triplex located?
The property is located at 430 Pine Avenue 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: Three‑unit building totaling 3834 square feet; 0.1377‑acre lot; built in 1987; One 3‑bedroom, 2‑bathroom unit of approximately 1326 sqft
