Two-Unit Residential
For Sale
$1,198,888
488-490 Cypress Avenue, Moss Beach, CA 94038
ResidentialIncome, MossBeach, CA
Property Size1,190 SF
Lot Size0.13 Acres
Price / SF$1,007
Days on Market109
Property Features for 488-490 Cypress Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R10000
Parking
2
Parking features
Garage
Appliances
Dishwasher, HoodOverRange, OvenRangeElectric, WasherDryerSomeUnits
Elementary school
CabrilloUnified
High school
CabrilloUnified
Elementary school district
CabrilloUnified
High school district
CabrilloUnified
Subdivision
SealCove
Standard status
Active
APN
037-181-280
Size
1,190 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
12369
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
sitting and BBQ areas
play areas
gardening
Building Details
Year built
1946
Floors in Building
2
Number of units
2
Flooring type
Laminate, Linoleum
Roof type
Composition
Listing Agency:
REMAX Gold Pacifica · RE/MAX International
(650) 359-5800
Listed By:
Team Pete & Christine · License #70010022
(650) 868-0461
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 22 at 7:06PM
MLS# ML82053206
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.
Built in 1946, this 1,190-square-foot duplex contains two residences: an upper unit with 2 bedrooms and 1 bathroom, and a lower unit with 1 bedroom and 1 bathroom. The 0.1301-acre property has a backyard with sitting and barbecue areas, play space, and room for gardening. Additional features include a garage, electric heating, and public water and sewer service.
The property is in Moss Beach, with local beaches, Fitzgerald Marine Reserve, Moss Beach Distillery, and Princeton Harbor among the area destinations identified. The two-unit configuration and distinct bedroom layouts are central features of the property.
The property is in Moss Beach, with local beaches, Fitzgerald Marine Reserve, Moss Beach Distillery, and Princeton Harbor among the area destinations identified. The two-unit configuration and distinct bedroom layouts are central features of the property.
Key Highlights
- Two residences: upper 2‑bedroom, 1‑bath unit and lower 1‑bedroom, 1‑bath unit
- 1,190‑square‑foot building on a 0.1301‑acre lot
- Built in 1946
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
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
NOI $34,581 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$462.7K
$404.9K – $539.8K
NOI $32,388 @ 7.0% cap · market cap 2.70%
Theoretical Best
Warehouse
$945.2K
$827.1K – $1.10M
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
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences offer two-bedroom and one-bedroom layouts.
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 2‑bedroom, 1‑bath unit and lower 1‑bedroom, 1‑bath unit; 1,190‑square‑foot building on a 0.1301‑acre lot; Built in 1946
