Triplex with Three-Car
470 Willow AVE Half Moon Bay, CA 94019
New
470 Willow AVE, Half Moon Bay, CA, 94019
$1,390,000
For Sale
$1,390,000
MULTI_FAMILY - HALF MOON BAY, CA
Property Size3,065 SF
Lot Size0.11 Acres
Price / SF$453.51
Days on Market2
Property Features for 470 Willow AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R30000
- Bedrooms
- 7
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 4
- Parking
- 2
- Parking features
- Carport
- Standard status
- Active
- Size
- 3,065 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# ML82041052
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 well-maintained, fully occupied triplex offers 3,065 square feet and includes 7 bedrooms and 4 bathrooms. The property is set on a 5,000 square foot lot and provides three-car garage space, along with a laundry facility for tenant convenience.
Located west of Highway 1, the property is described as minutes’ walk to the beaches, the coastal trail, and downtown amenities. The listing also notes low maintenance characteristics and strong tenant retention.
Zoned R30000, this residential income property is presented as a steady-cash-flow asset with the potential for additional rental improvement through rental adjustments.
Located west of Highway 1, the property is described as minutes’ walk to the beaches, the coastal trail, and downtown amenities. The listing also notes low maintenance characteristics and strong tenant retention.
Zoned R30000, this residential income property is presented as a steady-cash-flow asset with the potential for additional rental improvement through rental adjustments.
Key Highlights
- Fully occupied triplex with 3,065 SF and 7 bedrooms/4 baths
- 3,000+ SF building on a 5,000 SF lot
- Electric heating and composition roof
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 | $136.1k | $44.40 |
| − Vacancy | −$8.8k | −$2.89 |
| EGI | $127.2k | $41.51 |
| − OpEx | −$38.2k | −$12.45 |
| NOI | $89.1k | $29.06 |
3,065 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Well-maintained, fully occupied triplex with three-car garage space and an on-site laundry facility.
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: Fully occupied triplex with 3,065 SF and 7 bedrooms/4 baths; 3,000+ SF building on a 5,000 SF lot; Electric heating and composition roof
