Triplex with Three-Car
466 Willow Avenue Half Moon Bay, CA 94019
For Sale
$1,390,000
Well-maintained, fully occupied triplex with three-car garage space and on-site laundry facility.
Property Size3,145 SF
Lot Size0.11 Acres
Price / SF$441.97
Days on Market119
Property Features for 466 Willow Avenue
General Information
Standard status
Active
Size
3,145 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Building Details
Year Built
1964
Listing Agency:
eXp Realty of California Inc
(650) 303-1216
Listed By:
Kristjan Higdon · License #01948080
(650) 303-1216
Source:
Exitrealty
Added: Apr 2
Changed: Jul 28
Last Checked: Jul 28 at 3:32AM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This solidly maintained triplex is fully occupied and configured with 7 bedrooms and 4 bathrooms across 3,145 square feet. The property sits on a 5,000 square foot lot and includes three-car garage space, along with an on-site laundry facility for tenant convenience.
Located west of Highway 1, the home is described as being minutes from nearby beaches, the coastal trail, and downtown amenities, supporting strong day-to-day livability for residents in the Half Moon Bay area.
Designed for low-maintenance operations, this triplex presents a straightforward income property opportunity in a coastal community, with the current layout supporting steady occupancy.
Located west of Highway 1, the home is described as being minutes from nearby beaches, the coastal trail, and downtown amenities, supporting strong day-to-day livability for residents in the Half Moon Bay area.
Designed for low-maintenance operations, this triplex presents a straightforward income property opportunity in a coastal community, with the current layout supporting steady occupancy.
Key Highlights
- Well‑maintained, fully occupied triplex with on‑site laundry facility
- 3,145 sqft triplex built in 1964 with 7 bedrooms and 4 baths
- Located west of Highway 1, minutes walk to beaches, coastal trail, and downtown amenities
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 | $139.6k | $44.40 |
| − Vacancy | −$9.1k | −$2.89 |
| EGI | $130.6k | $41.51 |
| − OpEx | −$39.2k | −$12.45 |
| NOI | $91.4k | $29.06 |
3,145 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,393 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,598 @ 7.0% cap · market cap 6.16%
Theoretical Best
Warehouse
$2.50M
$2.19M – $2.91M
NOI $174,868 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained, fully occupied triplex with three-car garage space and on-site laundry facility.
Where is this triplex located?
The property is located at 466 Willow Avenue Half Moon Bay, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Well‑maintained, fully occupied triplex with on‑site laundry facility; 3,145 sqft triplex built in 1964 with 7 bedrooms and 4 baths; Located west of Highway 1, minutes walk to beaches, coastal trail, and downtown amenities
