Seven-Bedroom
New
For Sale
$1,390,000
466 Willow Ave, Half Moon Bay, CA 94019
Three occupied units include shared laundry and a three-car garage.
Property Size3,145 SF
Lot Size0.11 Acres
Price / SF$441.97
Days on Market4
Property Features for 466 Willow Ave
General Information
Standard status
Active
Size
3,145 SF
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Multi Family Home
Zoning
R30000
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
laundry facility
Building Details
Building Size
3,145 SF
Year Built
1964
Buildings
1
Listing Agency:
Exp Realty Of California Inc
Listed By:
Kristjan Higdon · License #01948080
(650) 303-1216
Source:
Firesiderealty
Added: Oct 23
Last Checked: Oct 23 at 4:28PM
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
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Investment Insights
Based on property information with market context.
At 466 Willow Ave in Half Moon Bay, this triplex contains 3,145 square feet with seven bedrooms and four bathrooms. Built in 1964, the property sits on a 5,000-square-foot lot and includes a three-car garage and laundry facilities for tenants. The units are fully occupied.
The property is west of Highway 1, within walking distance of beaches, the coastal trail, and downtown amenities.
The property is west of Highway 1, within walking distance of beaches, the coastal trail, and downtown amenities.
Key Highlights
- 3,145 square feet across seven bedrooms and four bathrooms
- 5,000‑square‑foot lot
- Three‑car garage and shared laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,393
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,827,860
$1.8M
Cap Rate 7%
$1,305,614
$1.3M
Cap Rate 9%
$1,015,478
$1.0M
Market Conditions
NOI Build-Up for 3,145 SF
Gross rent
$139.6K $44.40/SF
− Vacancy
−$9.1K −$2.89/SF
EGI
$130.6K $41.51/SF
− OpEx
−$39.2K −$12.45/SF
NOI
$91.4K $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%
$1,827,860
Cap Rate 7%
$1,305,614
Cap Rate 9%
$1,015,478
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units include shared laundry and a three-car garage.
Where is this triplex located?
The property is located at 466 Willow Ave 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: 3,145 square feet across seven bedrooms and four bathrooms; 5,000‑square‑foot lot; Three‑car garage and shared laundry facilities
