Building Details

Building Size 1,190 SF

Year Built 1946

Listing Agency: REMAX Gold Pacifica

Listed By: Team Pete & Christine · License #70010022 Show Phone

Source: Dixitproperties

Added: Jul 6 Changed: Oct 27 Last Checked: Oct 27 at 3:17AM

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Investment Insights

Based on property information with market context.

This 1,190-square-foot duplex in Moss Beach contains two separate residences: an upper-level two-bedroom, one-bath unit and a lower-level one-bedroom, one-bath unit. Built in 1946, the property has been updated and remodeled. Front landscaping and a backyard with sitting, barbecue, play, and gardening areas provide outdoor space for varied activities.

Local destinations listed include beaches, surfing, hiking, Fitzgerald Marine Reserve, Moss Beach Distillery, Princeton Harbor, and Half Moon Bay Airport. The property is within the Cabrillo Unified School District.

Key Highlights

• Two residences: upper unit with 2 bedrooms and 1 bathroom; lower unit with 1 bedroom and 1 bathroom
• 1,190 square feet; built in 1946
• Updated and remodeled duplex in Moss Beach

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,581

Cap Rate

2.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,620 $691.6K

Cap Rate 7%

$494,014 $494.0K

Cap Rate 9%

$384,233 $384.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,190 SF

Gross rent

$52.8K $44.40/SF

− Vacancy

−$3.4K −$2.89/SF

EGI

$49.4K $41.51/SF

− OpEx

−$14.8K −$12.45/SF

NOI

$34.6K $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%

$691,620

Cap Rate 7%

$494,014

Cap Rate 9%

$384,233

Alternative Uses

Best Use

Multifamily LT 5

$494.0K

$432.3K – $576.4K (±1% cap)

NOI $34,581 @ 7.0% cap · market cap 2.88%

Second Best

Apartment 5plus

$462.7K

$404.9K – $539.8K (±1% cap)

NOI $32,388 @ 7.0% cap · market cap 2.70%

Theoretical Best

Warehouse

$945.2K

$827.1K – $1.10M (±1% cap)

NOI $66,166 @ 7.0% cap · market cap 5.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Explore this area Business Placement

Demographics for 94038, CA

3,176

Population

1,007

Households

3.2

Avg Household Size

45

Median Age

51%

College-Educated

82%

High-School Grad

5.9 sq mi

ZIP Area

538

Density / Sq Mi

$128,333

Median Household Income

$45,365

Median Earnings

$1,112,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Upper and lower residences offer two-bedroom and one-bedroom layouts, each with one bathroom.

Where is this duplex located?

The property is located at 488-490 Cypress Avenue Moss Beach, CA.

What is the asking price?

The asking price for this property is $1,198,888.

What are key features of this property?

This property features: Two residences: upper unit with 2 bedrooms and 1 bathroom; lower unit with 1 bedroom and 1 bathroom; 1,190 square feet; built in 1946; Updated and remodeled duplex in Moss Beach