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466 Willow Avenue, Half Moon Bay, California 94019, Half Moon Bay, 94019 - 7 bed, 4 bath

466 Willow Avenue, Half Moon Bay, California 94019 home-pic-0
ACTIVE$1,550,000
466 Willow Avenue, Half Moon Bay, California 94019
7Beds
4Baths
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
ML81990409
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.55M(47th), sqft - 3145(84th), beds - 7(98th), baths - 4(82th).

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. Investment Potential offered by 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 59 years old. While the exterior appears well-maintained, the listing explicitly states it's an 'add-value opportunity to increase rents over time with higher-end interior renovations' and 'may require significant capital expenditure for modernization of systems and finishes.' This indicates that the interiors, including kitchens and bathrooms, are outdated and require substantial updates to meet current market expectations and styles. The absence of interior images, coupled with the description, suggests functional but aesthetically and stylistically dated components, fitting the 'Fair' condition criteria for an aged but maintained property with outdated features.
Pros & Cons

Pros

Income-Generating Triplex: The property is a well-maintained triplex, offering immediate rental income and a diversified investment opportunity with three distinct units.
Prime Coastal Location: Situated in Half Moon Bay, the property boasts exceptional walkability to beaches, the Coastal Trail, Historic Downtown, shopping, and dining.
Significant Value-Add Potential: Presents a clear opportunity to increase rents through higher-end interior renovations and the potential to convert tuck-under parking into an ADU.
Strategic Commuter Access: Offers easy access to Highways 1 and 92, providing convenient commutes to San Francisco, SFO, and Silicon Valley.
Desirable Lifestyle Amenities: Proximity to a wide array of outdoor activities including hiking, surfing, golfing, and horseback riding, enhancing tenant appeal.

Cons

Property Age & Condition: Built in 1965, the property may require significant capital expenditure for modernization of systems and finishes to achieve its full rental potential.
Recent Price Adjustment: A notable price reduction from $1.79M to $1.55M, coupled with the current listing price being slightly above the estimated value, may suggest initial overpricing or market resistance.
Required Capital for Optimization: Realizing the 'add-value' potential through renovations and ADU conversion will necessitate additional investment beyond the purchase price.

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