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466 Willow Avenue, Half Moon Bay, California 94019, Half Moon Bay, 94019 - bed, bath

466 Willow Avenue, Half Moon Bay, California 94019 home-pic-0
ACTIVE$1,550,000
466 Willow Avenue, Half Moon Bay, California 94019
0Bed
0Bath
3,145Sqft
5,000Lot
Year Built
1965
Close
-
List price
$1.55M
Original List price
$1.79M
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
ML81988720
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

Exceptionally Well-Maintained Triplex on the Coast. Discover a fantastic investment property with this charming triplex nestled in the beautiful coastal community of Half Moon Bay. Located on the west side of the Cabrillo Highway, this property offers walkability to beaches, the Coastal Trail, Historic Downtown Half Moon Bay, shopping, schools, dining and more. Property Highlights include a Unit Mix of (1) Large Three-Bedroom / Two-Bath Unit & (2) Two-Bedroom / One-Bath Units, 3,145 sqft of living space, and a Lot Size of 5,000 sqft. Amenities include Private covered parking and on-site laundry. The Investment Potential that this triplex presents is an excellent add-value opportunity to increase rents over time with higher-end interior renovations and the potential to convert tuck-under parking to an ADU. Built in 1965, this multi-unit building is perfect for investors seeking reliable rental income. Enjoy all the outdoor activities Half Moon Bay has to offer, including hiking, surfing, golfing, horse-back riding, and more. Prime location with easy access to Hwy 1 and 92, making Bay Area commutes a breeze, and just ~30 minutes from San Francisco, SFO, and Silicon Valley. Seize this exceptional investment opportunity today!

Price History

Date
Event
Price
09/03/25
Price Change
$1,550,000
01/14/25
Listing
$1,790,000
Condition Rating
Fair
The property was built in 1965, making it nearly 60 years old. While the listing describes it as 'exceptionally well-maintained,' it also explicitly states it's an 'add-value opportunity to increase rents over time with higher-end interior renovations.' This indicates that the interiors, including kitchens and bathrooms, are functional but significantly outdated in style and features, requiring substantial cosmetic and possibly functional upgrades to meet current market expectations and command higher rents. No interior images were provided, but the description strongly implies a need for modernization rather than just minor repairs, fitting the 'Fair' category where major components are functional but show signs of being outdated and require updates.
Pros & Cons

Pros

Prime Coastal Location: Highly desirable location in Half Moon Bay, situated west of Cabrillo Highway in a sought-after coastal community, offering a premium lifestyle and strong rental demand.
Exceptional Walkability & Lifestyle: Unbeatable access to beaches, the Coastal Trail, Historic Downtown Half Moon Bay, shopping, schools, and dining, significantly enhancing tenant appeal and property value.
Strong Investment & Value-Add Potential: Explicitly identified as an 'excellent add-value opportunity' with clear potential for rent increases through higher-end interior renovations and the conversion of tuck-under parking to an ADU, promising future income growth.
Diverse Unit Mix: Features a desirable unit mix of one large 3-bedroom/2-bath unit and two 2-bedroom/1-bath units, catering to a broader tenant base and potentially reducing vacancy risk.
Excellent Commuter Access & Amenities: Convenient access to Highways 1 and 92, making commutes to San Francisco, SFO, and Silicon Valley a breeze, complemented by on-site laundry and private covered parking for tenants.

Cons

Age and Implied Renovation Costs: Built in 1965, the property is nearly 60 years old, suggesting that significant capital investment will be required for 'higher-end interior renovations' to achieve its full rental income potential and modernize the units.
Limited Lot Size for Multi-Unit: A 5,000 sqft lot for a triplex, while functional, may offer limited private outdoor space for tenants and could restrict further expansion beyond the proposed ADU conversion.
Lack of Current Income/Occupancy Details: The listing description does not provide specific information on current rental income or occupancy rates, which are critical data points for an investor to assess immediate cash flow and return on investment.

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