7-Bedroom
For Sale
$1,390,000
466 Willow Avenue, Half Moon Bay, CA 94019
ResidentialIncome, HalfMoonBay, CA
Property Size3,145 SF
Lot Size0.11 Acres
Price / SF$441.97
Days on Market206
Property Features for 466 Willow Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R30000
Parking
2
Parking features
Carport
Elementary school
CabrilloUnified
High school
CabrilloUnified
Elementary school district
CabrilloUnified
High school district
CabrilloUnified
Subdivision
PilarcitosPark
Standard status
Active
APN
056-143-220
Size
3,145 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
20472
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
laundry facility
Building Details
Year built
1964
Number of units
3
Roof type
Composition
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Kristjan Higdon · License #01948080
(650) 303-1216
Added: Mar 31
Changed: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# ML82041051
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.
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Investment Insights
Based on property information with market context.
Built in 1964, this triplex contains 3,145 square feet with 7 bedrooms and 4 bathrooms. The property occupies a 5,000-square-foot lot and is zoned R30000. Electric heating, a composition roof, public water, and public sewer are reported. The residences are currently fully occupied.
The property is west of Highway 1 and within walking distance of beaches, the coastal trail, and downtown amenities.
The property is west of Highway 1 and within walking distance of beaches, the coastal trail, and downtown amenities.
Key Highlights
- Triplex with 3,145 square feet, 7 bedrooms, and 4 bathrooms
- 5,000‑square‑foot lot; zoned R30000
- Built in 1964; electric heating and composition roof
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
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
Frequently Asked Questions
What type of property is this?
Triplex - The fully occupied property has public water and sewer service and sits west of Highway 1 in Half Moon Bay.
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: Triplex with 3,145 square feet, 7 bedrooms, and 4 bathrooms; 5,000‑square‑foot lot; zoned R30000; Built in 1964; electric heating and composition roof
