Coastal Triplex Investment
466 Willow AVE Half Moon Bay, CA 94019
New
466 Willow AVE, Half Moon Bay, CA, 94019
$1,390,000
For Sale
$1,390,000
MULTI_FAMILY - HALF MOON BAY, CA
Property Size3,145 SF
Lot Size0.11 Acres
Price / SF$441.97
Days on Market2
Property Features for 466 Willow AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R30000
- Bedrooms
- 7
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 7, Bedroom 2
- Parking
- 2
- Parking features
- Carport
- Standard status
- Active
- Size
- 3,145 SF
- Lot size
- 0.11 Acres
Utilities
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 3
- Roof type
- Composition
Listing Agency
eXp Realty of California Inc
8885849427x119
2603 Camino Ramon Suite 200, San Ramon, CA
Listed by
Kristjan Higdon · License #01948080
(650) 303-1216
Added: Jul 20 Checked: Jul 21 at 5:06 am
MLS# ML82041051
Listing URL
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 for-sale triplex offers a total of 3,145 square feet with 7 bedrooms and 4 bathrooms. The property is described as well-maintained and fully occupied, with practical in-unit support for residents including a laundry facility and three-car garage space.
Located at 466 Willow Ave in Half Moon Bay, the listing notes the property is west of Highway 1, with proximity described as minutes’ walk to beaches, the coastal trail, and downtown amenities.
The asset is presented as a residential income property in a coastal community, with emphasis on low-maintenance operation and strong tenant retention, supported by the listing’s note of low vacancy.
Located at 466 Willow Ave in Half Moon Bay, the listing notes the property is west of Highway 1, with proximity described as minutes’ walk to beaches, the coastal trail, and downtown amenities.
The asset is presented as a residential income property in a coastal community, with emphasis on low-maintenance operation and strong tenant retention, supported by the listing’s note of low vacancy.
Key Highlights
- Fully occupied triplex at 466 Willow Ave, Half Moon Bay
- 3,145 sqft with 7 bedrooms and 4 baths
- 5,000 sqft lot with west‑of‑Highway 1 location
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained triplex on a 5,000-sq.-ft. lot with three-car garage space and a tenant laundry facility.
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: Fully occupied triplex at 466 Willow Ave, Half Moon Bay; 3,145 sqft with 7 bedrooms and 4 baths; 5,000 sqft lot with west‑of‑Highway 1 location
