
Half Moon Bay, California 94019
This Triplex Residential Asset represents a Prime Investment Opportunity, listed at $1,448,000—positioned well below the $1,478,623 Fair Market Value by 2%. This valuation gap provides $30,623 in Instant Equity. With a Condition Rating of 4, the property offers a functional, income-generating layout with a shared patio and significant value-add potential through modernization. Ideally suited for Buy-and-Hold Investors or Owner-Occupants, this coastal property balances immediate rental income with long-term appreciation in a high-demand Half Moon Bay location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 575 Myrtle Street Subject | $1,448,000* List Price | 3 | 3 | 2,371 | $624 | - |
A 233 Central Avenue Sold | $1,775,000 | 3 | 4 | 2,460 | $722 | 0.4 mi |
B 533 Alsace Loraine Avenue Sold | $1,750,000 | 3 | 3 | 2,910 | $601 | 0.4 mi |
C 371 Granelli Avenue Sold | $1,630,000 | 4 | 3 | 2,110 | $773 | 0.2 mi |
D 754 Vasques Drive Sold | $1,310,000 | 3 | 3 | 1,778 | $737 | 0.3 mi |
E Spruce Street Pending | $1,549,000 List Price | 5 | 4 | 2,622 | $591 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1906, this triplex shows a mix of maintenance levels. While one kitchen has been updated with shaker-style cabinets and stainless steel appliances (approx. 10-15 years old), other units feature significantly dated louvered cabinetry and older finishes. The property is functional and move-in ready but requires cosmetic updates and likely system modernizations to address its 100+ year age and inconsistent renovation history.
Configured as a triplex with three self-contained units, this property offers a rare opportunity for house-hacking or rental income to significantly offset ownership costs in a premium coastal market.
Situated just moments from downtown Half Moon Bay, the home provides exceptional walkability to Main Street shops, restaurants, coastal trails, and beaches, ensuring a high-quality lifestyle.
Built in 1906, the residence features original architectural charm and sun-filled interiors that offer a unique aesthetic and warmth often missing from contemporary developments.
With a construction date of 1906, the property may require significant ongoing maintenance or capital improvements to modernize aging systems such as plumbing, electrical, and foundation.
The local elementary and middle schools carry relatively low ratings (4 and 3 respectively), which may impact the property's appeal to families prioritizing high-performing school districts.
Just moments from the heart of downtown Half Moon Bay, this home offers a rare opportunity for a coastal retreat with built-in income potential. Blending the charm of a beach-town residence with the flexibility of a triplex, the property creates a different approach to coastal ownership. Live in one residence while the additional units help offset expenses, transforming the economics of owning near the coast. Rather than a traditional investment property, this home presents a lifestyle purchase designed to support itself. Each of the three self-contained units features its own entrance, kitchen, and living space, allowing for privacy and flexibility whether used for long-term tenants, extended family, guests, or a combination of both. The front residences showcase the homes original character with sun-filled interiors, while the upper unit offers elevated living with a relaxed coastal feel. Outside, a shared backyard creates space to unwind, garden, or entertain after a day at the beach. Ample off-street parking adds convenience, while nearby beaches, coastal trails, cafés, and Main Street shops and restaurants place the best of Half Moon Bay just moments away. This is a rare chance to enjoy the coastal lifestyle with a property positioned to help make it attainable.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,371 | 2,192.25 |
| Lot Size | 5,768 | 6,346 |
| Price | $1.45M | $1.72M |
| Price per sq ft | $611 | $834 |
| Built year | 1906 | 1987 |
| HOA | $0 | $360 |
| Days on market | 47 | 52 |
Jul 24, 2026
$1,448,000
Initial Listing
Jul 27, 2020
$1,380,000
Public Record
Sep 30, 2016
$1,050,000
Public Record
Aug 19, 2011
$599,000
Public Record