Triplex with Three-Car
For Sale
$1,390,000
470 Willow Ave, Half Moon Bay, CA 94019
Fully occupied three-unit property west of Highway 1 with on-site laundry and coastal amenities within walking distance.
Property Size3,065 SF
Lot Size0.11 Acres
Price / SF$453.51
Days on Market199
Property Features for 470 Willow Ave
General Information
Standard status
Active
Size
3,065 SF
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$20,472
Amenities
laundry facility
Building Details
Buildings
1
Listing Agency:
eXp Realty of California Inc
Listed By:
Kristjan Higdon · License #01948080
(650) 303-1216
Source:
Exprealty
Added: Mar 31
Changed: Oct 6
Last Checked: Oct 14 at 11:16PM
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.
Built in 1964, this triplex contains 3,065 square feet with 7 bedrooms and 4 baths on a 5,000-square-foot lot. The property is fully occupied and includes a three-car garage along with a laundry facility for residents.
The address is west of Highway 1 in Half Moon Bay, with beaches, the coastal trail, and downtown amenities described as minutes away on foot. Its three-unit configuration, garage capacity, and existing occupancy provide a clearly defined residential income property profile.
The address is west of Highway 1 in Half Moon Bay, with beaches, the coastal trail, and downtown amenities described as minutes away on foot. Its three-unit configuration, garage capacity, and existing occupancy provide a clearly defined residential income property profile.
Key Highlights
- Triplex at 470 Willow AVE, Half Moon Bay, CA 94019
- 3,065 sqft building with 7 bedrooms and 4 baths
- Situated on a 5,000 sqft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,068
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,781,360
$1.8M
Cap Rate 7%
$1,272,400
$1.3M
Cap Rate 9%
$989,644
$989.6K
Market Conditions
NOI Build-Up for 3,065 SF
Gross rent
$136.1K $44.40/SF
− Vacancy
−$8.8K −$2.89/SF
EGI
$127.2K $41.51/SF
− OpEx
−$38.2K −$12.45/SF
NOI
$89.1K $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%
$1,781,360
Cap Rate 7%
$1,272,400
Cap Rate 9%
$989,644
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,068 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,420 @ 7.0% cap · market cap 6.00%
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,420 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,168
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property west of Highway 1 with on-site laundry and coastal amenities within walking distance.
Where is this triplex located?
The property is located at 470 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: Triplex at 470 Willow AVE, Half Moon Bay, CA 94019; 3,065 sqft building with 7 bedrooms and 4 baths; Situated on a 5,000 sqft lot
