Myrtle, Half Moon Bay, California 94019, Half Moon Bay, 94019 - 4 bed, 2 bath
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Half Moon Bay, California 94019
This Value-Add Coastal Duplex represents a strategic Asset in downtown Half Moon Bay with a List Price of $1,299,000. Following a significant price reduction, the property is positioned near its $1,125,987 Fair Market Value. The expansive 7,638 sqft lot offers ADU Potential alongside a large Bonus Attic Area for square footage expansion. Holding a Condition Rating of 5, this 1903 historic residence is sold "as-is" with below-market rents, providing a clear path for ROI through comprehensive renovation. This acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ Myrtle Subject | $1,299,000* List Price | 4 | 2 | 1,600 | $704 | - |
A 754 Vasques Drive Sold | $1,310,000 | 3 | 3 | 1,778 | $737 | 0.4 mi |
B 651 Spruce Street Sold | $1,441,000 | 3 | 3 | 2,210 | $652 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1903, this property is explicitly listed 'as is' with 'unrealized potential,' indicating significant deferred maintenance and the need for substantial repairs and rehabilitation. The absence of any interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in very outdated or poor condition. While not explicitly stated as 'unlivable,' the description points to a property that requires extensive work to meet modern standards, likely affecting safety and comfort.
Situated in the vibrant south downtown area of Half Moon Bay, offering a highly sought-after beach community lifestyle with local amenities.
The spacious 7,638 sqft lot allows for the possibility of incorporating an Accessory Dwelling Unit (ADU), and there's a large bonus attic area for future expansion.
The property has been converted to a duplex, providing immediate rental income streams for an investor.
Long-term tenants with very low rents will remain in possession at close of escrow, limiting immediate income optimization and posing challenges for owner-occupancy.
Sold in 'as-is' condition, combined with its 1903 build year, suggests significant potential for required repairs, upgrades, and deferred maintenance costs.
Described as a 'Single Family Residence' but noted as a converted duplex, which may indicate a non-conforming use or unpermitted conversion requiring buyer due diligence.
PRICED for quick sale- Now an Opporfunity! Years ago, this classic nostalgic early 1900's home apparently was converted to a duplex (very long term tenants at very low rents).Excellent location plus a ton of unrealized potential! Well located in the south downtown area of the colorful and diverse culture of the beach community known lovingly by locals and visitors alike as HMB! The spacious lot allows for both patios + gardening; along with the possibility of incorporating an ADU. AND BE SURE not to forget to have your agent ask the listing agent for details of the very large bonus Attic area . Sold "as is" with tenants to remain in possession at close of escrow.. Also listed in multi-class.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 1,600 | 2,050 | 30% |
| Lot Size | 7,638 | 7,154 | 67% |
| Price | $1.30M | $1.56M | 26% |
| Price per sq ft | $812 | $812 | 49% |
| Built year | 1903 | 1975 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 1265 | 179 | 0% |
Sep 3, 2025
$1,299,000
Initial Listing
Nov 4, 2022
$1,499,000
Initial Listing