Well-Maintained Triplex with
470 Willow Avenue Half Moon Bay, CA 94019
For Sale
$1,390,000
Fully occupied triplex with three-car garage space and an on-site laundry facility for tenant convenience.
Property Size3,065 SF
Lot Size0.11 Acres
Price / SF$453.51
Days on Market117
Property Features for 470 Willow Avenue
General Information
Standard status
Active
Size
3,065 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Building Details
Year Built
1964
Listing Agency:
eXp Realty of California Inc
(650) 303-1216
Listed By:
Kristjan Higdon · License #01948080
(650) 303-1216
Source:
Exitrealty
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 27 at 6:59AM
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.
This well-maintained triplex is fully occupied and configured to provide income-generating rental units. The property offers 7 bedrooms and 4 baths across 3,065 square feet, situated on a 5,000 square foot lot. Tenants benefit from an on-site laundry facility, and the property includes three-car garage space.
Located west of Highway 1 in Half Moon Bay, the home is described as minutes by walk to the beaches, the coastal trail, and downtown amenities.
For buyers seeking a managed, low-maintenance residential income property, this triplex is presented as a strong fit for the coastal rental market.
Located west of Highway 1 in Half Moon Bay, the home is described as minutes by walk to the beaches, the coastal trail, and downtown amenities.
For buyers seeking a managed, low-maintenance residential income property, this triplex is presented as a strong fit for the coastal rental market.
Key Highlights
- Fully occupied triplex with 3,065 sq ft, 7 bedrooms, and 4 baths
- 3,000 sq ft? 5,000 sq ft lot with a 1964 year built
- On‑site laundry facility for tenant convenience
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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied triplex with three-car garage space and an on-site laundry facility for tenant convenience.
Where is this triplex located?
The property is located at 470 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: Fully occupied triplex with 3,065 sq ft, 7 bedrooms, and 4 baths; 3,000 sq ft? 5,000 sq ft lot with a 1964 year built; On‑site laundry facility for tenant convenience
