Triplex with Three-Car
For Sale
$1,390,000
470 Willow Avenue, Half Moon Bay, CA 94019
ResidentialIncome, HalfMoonBay, CA
Property Size3,065 SF
Lot Size0.11 Acres
Price / SF$453.51
Days on Market206
Property Features for 470 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
056-143-150
Size
3,065 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# ML82041052
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.
At 470 Willow Avenue, this triplex contains 3,065 square feet with 7 bedrooms and 4 bathrooms. The 5,000-square-foot parcel includes a three-car garage and a laundry facility. Built in 1964, the property has electric heating and a composition roof, with public water and public sewer service.
The property is west of Highway 1, within walking distance of beaches, the coastal trail, and downtown amenities. Its residential configuration, on-site parking, and shared laundry area are among the existing features.
The property is west of Highway 1, within walking distance of beaches, the coastal trail, and downtown amenities. Its residential configuration, on-site parking, and shared laundry area are among the existing features.
Key Highlights
- Triplex with 3,065 square feet, 7 bedrooms, and 4 bathrooms
- Fully occupied
- 5,000‑square‑foot 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road 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
Frequently Asked Questions
What type of property is this?
Triplex - The fully occupied residential property includes a tenant laundry facility and public water and sewer service.
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: Triplex with 3,065 square feet, 7 bedrooms, and 4 bathrooms; Fully occupied; 5,000‑square‑foot lot
