Triplex with Attached
430 Pine AVE Half Moon Bay, CA 94019
For Sale
Under Contract
$1,300,000
MULTI_FAMILY - HALF MOON BAY, CA
Property Size3,834 SF
Lot Size0.14 Acres
Price / SF$339.07
Days on Market16
Property Features for 430 Pine AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R30000
Bedrooms
7
Rooms
Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Laundry Room, Bedroom 4, Bedroom 1, Bedroom 7
Parking
3
Parking features
Garage - Attached, Covered, Assigned
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, Central, Natural Gas, Fireplace(s)
Water source
Public
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 14
Changed: Jul 22
Last Checked: Jul 29 at 10:06AM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Triplex building built in 1987 with two levels and three separate units (430, 432, 434)
- Unit 430 offers 3 beds/2 baths and approx. 1,326 SF; Units 432 and 434 each have approx. 924 SF with 2 beds/1 bath
- Each unit has its own separate water, gas, and electrical meters; tenant pays for public utilities including trash
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
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 two levels and three separate units (430, 432, 434); Unit 430 offers 3 beds/2 baths and approx. 1,326 SF; Units 432 and 434 each have approx. 924 SF with 2 beds/1 bath; Each unit has its own separate water, gas, and electrical meters; tenant pays for public utilities including trash
