470 Willow Ave Half Moon Bay, CA 94019
Estimated payment $10,346/month
Total Views
48,113
7
Beds
4
Baths
3,065
Sq Ft
$506
Price per Sq Ft
Highlights
- Tile Flooring
- Coin Laundry
- Level Lot
About This Home
Exceptionally Well-Maintained Triplex on the Coast. Discover a fantastic investment property with this charming triplex nestled in the beautiful coastal community of Half Moon Bay. Located on the west side of the Cabrillo Highway, this property offers walkability to beaches, the Coastal Trail, Historic Downtown Half Moon Bay, shopping, schools, dining and more. Property Highlights include a Unit Mix of (1) Large Three-Bedroom / Two-Bath Unit & (2) Two-Bedroom / One-Bath Units, 3,065 sqft of living space, and a Lot Size of 5,000 sqft. Amenities include Private covered parking and on-site laundry. The Investment Potential that this triplex presents is an excellent add-value opportunity to increase rents over time with higher-end interior renovations and the potential to convert tuck-under parking to an ADU. Built in 1964, this multi-unit building is perfect for investors seeking reliable rental income. Enjoy all the outdoor activities Half Moon Bay has to offer, including hiking, surfing, golfing, horse-back riding, and more. Prime location with easy access to Hwy 1 and 92, making Bay Area commutes a breeze, and just ~30 minutes from San Francisco, SFO, and Silicon Valley. Seize this exceptional investment opportunity today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,424
Year Built
- 1964
Lot Details
- 5,001 Sq Ft Lot
- Level Lot
Home Design
- Triplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,065 Sq Ft Home
- 2-Story Property
Kitchen
- Electric Oven
- Microwave
Flooring
- Tile
- Vinyl
Parking
- 2 Parking Spaces
- 3 Carport Spaces
Utilities
- Vented Exhaust Fan
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 3 Leased Units
- Gardener Expense $780
- Insurance Expense $2,500
- Maintenance Expense $2,500
- Utility Expense $8,733
- Trash Expense $3,120
- Operating Expense $38,105
- Gross Income $93,053
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,424 | $1,580,348 | $920,066 | $660,282 |
| 2023 | $21,424 | $318,590 | $95,567 | $223,023 |
| 2022 | $6,861 | $312,344 | $93,694 | $218,650 |
| 2021 | $6,436 | $306,220 | $91,857 | $214,363 |
| 2020 | $6,112 | $303,081 | $90,916 | $212,165 |
| 2019 | $6,710 | $297,139 | $89,134 | $208,005 |
| 2018 | $6,719 | $291,314 | $87,387 | $203,927 |
| 2017 | $7,927 | $285,603 | $85,674 | $199,929 |
| 2016 | $6,905 | $280,004 | $83,995 | $196,009 |
| 2015 | $7,099 | $275,799 | $82,734 | $193,065 |
| 2014 | $7,386 | $270,398 | $81,114 | $189,284 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Price Changed | $1,550,000 | 0.0% | $506 / Sq Ft |
| 03/20/2025 03/20/25 | Price Changed | $1,550,000 | -13.4% | $506 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $1,790,000 | 0.0% | $584 / Sq Ft |
| 01/14/2025 01/14/25 | For Sale | $1,790,000 | -- | $584 / Sq Ft |
Source: MLSListings
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,092,000 | New Conventional | |
| Previous Owner | $525,000 | New Conventional | |
| Previous Owner | $549,500 | New Conventional | |
| Previous Owner | $134,000 | No Value Available |
Source: Public Records
About the Listing Agent
Residential & Commercial Real Estate Sales
Matt's Other Listings
Source: MLSListings
MLS Number: ML81988721
APN: 056-143-150
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