430 Pine Avenue, Half Moon Bay, California 94019, Half Moon Bay, 94019 - 0 bed, 0 bath
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Half Moon Bay, California 94019
Analysis of 430 Pine Avenue, Half Moon Bay, California 94019 is currently available with a list price of $1,450,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Half Moon Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property, built in 1987, is in functional condition but shows significant signs of age and outdated styling. While it benefits from a brand-new roof installed in 2024, the interiors require modernization. The kitchen features dated tile countertops and older cabinetry, the bathrooms have original-style vanities, and the carpeting in the living areas and bedrooms appears worn and stained, indicating a need for replacement and cosmetic updates.
Situated west of Highway 1 and within walking distance to the beach, downtown Main Street, and the Coastal Trail, this property offers an ideal lifestyle that ensures high tenant demand and long-term desirability.
The property features separate meters for water, gas, and electricity for each unit, with tenants paying for all utilities including trash, which significantly maximizes the net operating income for the investor.
Rare for multi-family units, each tenant has access to three parking spaces; additionally, the brand-new 2024 roof with a 10-year warranty provides immediate peace of mind and reduced maintenance costs.
Built in 1987, the units may require interior updates to kitchens and bathrooms to compete with modern rental stock and achieve top-of-market rental rates.
Being located in a prime coastal area of Half Moon Bay, any future structural expansions or significant modifications may be subject to stringent Coastal Commission oversight and local zoning restrictions.
Attractive Triplex Building, west of Hwy 1, near downtown Main Street. This two level building is nestled on a tranquil street, at the corner of two streets, which offers extra parking spaces and allows each unit having up to 3-car parking spaces (1-car from attached garage, 1-car from attached carport and 1-car driveway parking space) on the property itself. Ground level offers 3 separate laundry rooms and Unit 430 (3beds and 2baths, approximately 1326 sqft); Up-level offers Unit 432 and Unit 434, which share similar sqft and floor plan, approximately 924 Sqft and 2beds and 1bath. Each unit has its own separate water, gas and electrical meters, tenant pays for all public unities, including trash. Brand new roof installed in 2024 with 10 yr warranty. Walk distance to beach, schools, park, Coastal Trail, farmers market, dining, shops, all within half a mile. Easy commute to SF, Silicon Valley and Coast areas.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1987 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 5, 2026
$1,450,000
Initial Listing