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575 Myrtle Street, Half Moon Bay, California 94019, Half Moon Bay, 94019 - 3 bed, 3 bath

575 Myrtle Street, Half Moon Bay, California 94019 home-pic-0
ACTIVE$1,498,000
575 Myrtle Street, Half Moon Bay, California 94019
3Beds
3Baths
2,371Sqft
5,768Lot
Year Built
1906
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$632
HOA
-
Days on market
-
Sold On
-
MLS number
ML82018262
Home ConditionFair
Features
Deck
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(38th), sqft - 2371(56th), beds - 3(50th), baths - 3(50th).

Own a Pied-a-Terre That Pays for Itself Imagine slipping away from the pace of Silicon Valley to spend your weekends surrounded by the charm of Half Moon Bay. At 575 Myrtle Street, you can do just that - enjoying your own private coastal pied-a-terre while two additional rental units generate income to help cover the cost. This thoughtfully converted legal triplex offers three fully independent residences, each with its own entrance, kitchen, and living space. Claim one unit as your personal retreat: sip morning coffee before heading to the beach, unwind with fresh ocean air in the shared backyard, and enjoy downtowns restaurants and galleries by evening. Meanwhile, the two other units provide reliable rental income, giving you the rare opportunity to enjoy coastal living while your investment works for you. With beaches, trails, and the lively Main Street corridor just blocks away, 575 Myrtle is more than a property - its a lifestyle. A weekend escape, ready to become your personal gateway to the coast.

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

Price History

Date
Event
Price
09/27/25
Price Change
$1,498,000-6.3%
08/15/25
Listing
$1,598,000
Condition Rating
Fair
Built in 1906, this property is a legal triplex with varying levels of renovation across its units. While some areas feature more modern updates like stainless steel appliances, hardwood floors, and a contemporary bathroom vanity (Image 2, 5), other units retain significantly dated elements such as extensive wood paneling, linoleum-style flooring, and a very basic pedestal sink bathroom (Image 6, 7). The kitchens range from functional with relatively modern appliances to older, less appealing styles. The overall condition suggests the property is aged but maintained through regular upkeep and occasional, inconsistent updates. Major components are functional but show signs of being outdated, aligning with the 'fair' condition criteria, especially considering the property's age and the noted 'Age-Related Maintenance & Systems' weakness.
Pros & Cons

Pros

Income-Generating Legal Triplex: The property is a legal triplex with three independent residences, offering significant income potential from two rental units to offset ownership costs, as highlighted by the 'Pied-a-Terre That Pays for Itself' concept.
Prime Coastal Location: Situated in Half Moon Bay, the property boasts an exceptional location just blocks away from beaches, scenic trails, and the vibrant Main Street corridor, offering a highly desirable coastal lifestyle.
Versatile Ownership Model: This unique configuration allows for flexible use, enabling an owner to occupy one unit as a personal retreat or weekend escape while simultaneously generating reliable rental income from the other two units.
Recent Price Adjustment: A recent price reduction from $1,598,000 to $1,498,000 indicates increased competitiveness and potential value for buyers, suggesting seller motivation.
Charming Half Moon Bay Lifestyle: The property offers a gateway to the relaxed and charming Half Moon Bay lifestyle, appealing to those seeking an escape from urban environments like Silicon Valley with easy access to local amenities.

Cons

Age-Related Maintenance & Systems: Built in 1906, the property likely requires ongoing maintenance and potential significant investment for updates to older systems (e.g., plumbing, electrical, HVAC) to meet modern standards and preferences.
Lack of Individual Unit Details: The description lacks specific details regarding the individual layout, size, and condition of each of the three independent units, making it challenging for potential buyers to fully assess rental income potential or suitability for specific uses.
Potential for Parking Challenges: For a multi-unit property in a desirable coastal area, the absence of any mention of dedicated parking could be a significant drawback for tenants and the owner, potentially impacting rental appeal and convenience.

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