575 Myrtle Street, Half Moon Bay, California 94019, Half Moon Bay, 94019 - bed, bath
ACTIVE$1,498,000
575 Myrtle Street, Half Moon Bay, California 94019
0Bed
0Bath
2,371Sqft
5,768Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Legal Triplex with Income Potential: The property is a legal triplex, offering built-in income generation and flexible living arrangements, making it attractive for investors or owner-occupiers seeking rental income.
Top Cons:
Advanced Age of Property: Constructed in 1906, the property may require significant ongoing maintenance, potential system upgrades (plumbing, electrical), and could incur higher operational costs due to its age.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1906 (119 years old).
Condition: Built in 1906, this triplex shows a mix of conditions across its units. While one bathroom appears to have been updated within the last 10-15 years with modern fixtures and skylights, another bathroom features extensive wood paneling and a pedestal sink, indicating a much older, dated style. Similarly, one kitchen has functional stainless steel appliances and relatively modern cabinetry (likely 10-20 years old), but other areas suggest older finishes and flooring. The property is maintained and livable, but its age and inconsistent updates mean that several components are outdated and would require minor to moderate renovations to meet current standards and achieve a cohesive aesthetic across all units.
Year Built
1906
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$632
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015053
Home ConditionFair
Features
Deck
Patio
View-
About this home
Situated just moments from the heart of downtown Half Moon Bay, 575 Myrtle Street presents a rare and flexible opportunity on the coast, a single-family home thoughtfully converted into a legal triplex. The property features three self-contained units, each with its own entrance, kitchen, and living space. The two front units retain the charm of the original home, with a light-filled layout and coastal character. The top unit offers comfortable, well-appointed interiors. A shared backyard, ample parking, and proximity to beaches, trails, and the vibrant Main Street corridor further enhance the appeal. Whether you're a seasoned investor or exploring your first coastal rental, 575 Myrtle Street offers built-in income, flexible living arrangements, and a prime location.
Nearby schools
4/10
Alvin S. Hatch Elementary School
Public,•K-5•0.3mi
6/10
El Granada Elementary School
Public,•K-5•3.3mi
3/10
Manuel F. Cunha Intermediate School
Public,•6-8•0.3mi
6/10
Half Moon Bay High School
Public,•9-12•1.0mi
Condition Rating
Fair
Built in 1906, this triplex shows a mix of conditions across its units. While one bathroom appears to have been updated within the last 10-15 years with modern fixtures and skylights, another bathroom features extensive wood paneling and a pedestal sink, indicating a much older, dated style. Similarly, one kitchen has functional stainless steel appliances and relatively modern cabinetry (likely 10-20 years old), but other areas suggest older finishes and flooring. The property is maintained and livable, but its age and inconsistent updates mean that several components are outdated and would require minor to moderate renovations to meet current standards and achieve a cohesive aesthetic across all units.
Pros & Cons
Pros
Legal Triplex with Income Potential: The property is a legal triplex, offering built-in income generation and flexible living arrangements, making it attractive for investors or owner-occupiers seeking rental income.
Prime Coastal Location: Situated moments from downtown Half Moon Bay, with proximity to beaches, trails, and the vibrant Main Street corridor, enhancing its desirability and potential for appreciation.
Historic Charm and Character: Built in 1906, the two front units retain the original home's charm and coastal character, appealing to buyers who value historical aesthetics.
Practical Amenities: The property includes a shared backyard and ample parking, which are valuable features for multi-unit dwellings and enhance tenant appeal.
Versatile Investment Opportunity: It caters to a broad range of buyers, from seasoned investors to those exploring their first coastal rental, offering both investment and owner-occupancy with income potential.
Cons
Advanced Age of Property: Constructed in 1906, the property may require significant ongoing maintenance, potential system upgrades (plumbing, electrical), and could incur higher operational costs due to its age.
Lack of Detailed Unit Information: The description lacks specific details regarding individual unit layouts, bedroom/bathroom counts, or current rental income, which are crucial for a comprehensive financial analysis by potential buyers.
Recent Price Reduction: The property has undergone a price reduction from $1,598,000 to $1,498,000, which could indicate initial overpricing or a longer time on market, potentially signaling buyer resistance.