Triplex with Attached
For Sale
Under Contract
$1,300,000
430 Pine AVE, Half Moon Bay, CA 94019
Residential Income (2-4 units), HALF MOON BAY, CA
Property Size3,834 SF
Lot Size0.14 Acres
Price / SF$339.07
Days on Market60
Property Features for 430 Pine AVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R30000
Bedrooms
7
Rooms
Bedroom 6, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 4, Laundry Room, Bedroom 3, Bedroom 2
Parking
3
Parking features
Garage - Attached, Assigned, Covered
Fireplace
1
Appliances
Oven Range - Electric
Lot features
Grade - Mostly Level
Subdivision
Pilarcitos Park
Standard status
Active Under Contract
Size
3,834 SF
Lot size
0.14 Acres
Utilities
Heating system
Fireplace(s), Forced Air, Natural Gas, Central
Water source
Public
Amenities
laundry rooms
Building Details
Year built
1987
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: Jul 15
Changed: Sep 11
Last Checked: Sep 12 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This 3,834-square-foot triplex was built in 1987 and contains three residences across two levels. The lower level includes a 3-bedroom, 2-bath unit of approximately 1,326 square feet along with three separate laundry rooms. Two upper-level units each offer approximately 924 square feet with two bedrooms and one bathroom. Each residence has separate water, gas, and electrical meters, with tenants paying public utilities including trash. Parking includes an attached garage, covered carport, and driveway space for each unit. A shingle roof was installed in 2024 with a 10-year warranty.
The property sits west of Hwy 1 near downtown Main Street, at the corner of two streets. Beach access, schools, a park, the Coastal Trail, farmers market, dining, and shops are all within half a mile. The location also supports commuting to San Francisco, Silicon Valley, and nearby coastal areas.
The property sits west of Hwy 1 near downtown Main Street, at the corner of two streets. Beach access, schools, a park, the Coastal Trail, farmers market, dining, and shops are all within half a mile. The location also supports commuting to San Francisco, Silicon Valley, and nearby coastal areas.
Key Highlights
- Three‑unit property totaling 3,834 square feet on 0.1377 acres
- Unit mix includes one 3‑bedroom, 2‑bath unit and two 2‑bedroom, 1‑bath units
- Each unit has separate water, gas, and electrical meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,415
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Two-level triplex with separate utility metering, dedicated laundry rooms, and parking serving each unit.
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: Three‑unit property totaling 3,834 square feet on 0.1377 acres; Unit mix includes one 3‑bedroom, 2‑bath unit and two 2‑bedroom, 1‑bath units; Each unit has separate water, gas, and electrical meters
