470 Willow Avenue, Half Moon Bay, California 94019, Half Moon Bay, 94019 - 0 bed, 0 bath
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Half Moon Bay, California 94019
This Coastal Income Asset represents a High-Potential Investment Opportunity listed at $1,550,000, positioned accurately alongside its $1,538,172 Fair Market Value. Maintaining a Fair Condition Rating, the 1964 triplex delivers immediate cash flow from a fully occupied footprint west of Highway 1. The property features prime beach proximity, a three-car garage, and on-site laundry, ensuring high tenant retention. With significant upside through rental adjustments in a low-vacancy coastal market, this asset is ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 470 Willow Avenue Subject | $1,550,000* List Price | 0 | 0 | 3,065 | $502 | - |
A 466 Willow Street Active | $1,550,000 List Price | 0 | 0 | 3,145 | $493 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this triplex is described as well-maintained and fully occupied, but it shows clear signs of age consistent with the 'fair' category. The exterior stucco and asphalt parking area show typical wear for a 60-year-old building. The utility/laundry room features older appliances, an aged water heater, and basic, dated finishes. While major systems appear functional, the lack of recent interior renovations and the utilitarian nature of the visible components indicate the property is maintained through regular upkeep rather than modern updates.
Situated west of Highway 1, the property is within walking distance to beaches, the coastal trail, and downtown amenities, ensuring high tenant demand and long-term desirability.
The triplex is fully occupied, providing steady current income with clear potential for value-add through rental adjustments in a low-vacancy market.
The inclusion of a three-car garage and on-site laundry facilities provides significant convenience that enhances tenant retention and justifies premium rent.
Built in 1964, the building may require more frequent maintenance or capital improvements to aging systems compared to modern residential income properties.
With a 3,065 sqft building on a 5,000 sqft lot, there is minimal private outdoor space for tenants and restricted potential for further footprint expansion.
Solid investment Triplex, with prime coastal location - 470 Willow Ave, Half Moon Bay. Secure your foothold in the resilient Half Moon Bay rental market with this fully occupied, well-maintained triplex. Offering 3,065 sqft., 7 bedrooms, and 4 baths, on a 5,000 sqft. lot, the property generates steady cash flow, today, with clear upside through rental adjustments. Key advantages: location, location, location - west of highway 1, minutes walk to beaches, coastal trail, and downtown amenities. Three-car garage space, plus laundry facility for tenant convenience. Low maintenance and strong tenant retention, in a low vacancy, coastal community. With Half Moon Bay's enduring appeal for residence who crave ocean proximity, without sacrificing peninsula accessibility, this asset delivers both current returns, and long-term appreciation.
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 | 1964 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 31, 2026
$1,550,000
Initial Listing