NOT LISTED FOR SALE
3 Beds
3 Baths
1,950 Sq Ft
5,001 Sq Ft Lot Lot

Sale Details

Date Sold: November 19, 2020

Last sale price $1,600,000 $821 Per Sq Ft

115 Days on Market

Highlights

  • Downtown View
  • Mediterranean Architecture
  • Balcony
  • Wood Burning Stove
  • High Ceiling
  • 2-minute walk to Half Moon Bay Skate Park

About This Home

As of November 2020

Opportunity calls! Rare chance to own prime units in downtown Half Moon Bay just off Main Street. Three individual cottages featuring one bedroom, one bath each with separate laundry room. Units were completely rebuilt in 1994--new foundations, framing, electrical, fully insulated, vaulted ceilings, skylights, woodstoves, lofts (for storage) Andersen windows & tile roofs. Great for owner who wants to live in one unit and rent out two. Great short term rentals. Please do not go on property or disturb tenants.

Last Agent to Sell the Property

Kathryn Caloca

Crown Properties License #00748319 Listed on: 07/06/2020

Last Buyer's Agent

Quinn Cotchett

Golden Gate Sotheby's International Realty License #02122487

Golden Gate Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Lot Details

  • 5,001 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Mediterranean Architecture
  • Cottage
  • Pillar, Post or Pier Foundation
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights in Kitchen
  • Wood Burning Stove
  • Tile Flooring
  • Downtown Views

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $106,200

Community Details

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Manager Expense $2,400
  • Other Expense $1,000
  • Utility Expense $3,000
  • Trash Expense $3,000
  • Operating Expense $34,000
  • Gross Income $106,200

Additional Features

  • 1,950 Sq Ft Building
  • Courtyard

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

5,001 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Triplex
  • Style: Cottage, Mediterranean
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator, Skylight
  • Living Sq Ft: 1950
  • Stories: 1
  • Flooring: Tile

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier
  • Roof: Tile
  • View: City Lights, Downtown
  • Yard/Grounds: Balcony / Patio, Bbq Area, Courtyard

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Central Forced Air - Gas, Stove - Wood, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.48
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 2000
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expense Management: 2400
  • Expenses Other: 1000
  • Expenses Total: 34000
  • Expenses Utility: 3000
  • Expense Trash: 3000
  • Income Annual Gross: 106200.00
  • Income Annual Rental: 106200
  • Income Gross Scheduled: 106200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Cable Tv, Fee - Property Management, Fee - Property Tax, Miscellaneous/Other, Services - Trash Removal, Utilities - Electric, Utilities - Heat, Utilities - Water
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Sold $1,600,000 -8.6% $821 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
10/17/2020 10/17/20 Price Changed $1,750,000 -2.5% $897 / Sq Ft
08/18/2020 08/18/20 Price Changed $1,795,000 -5.5% $921 / Sq Ft
07/06/2020 07/06/20 For Sale $1,899,999 -- $974 / Sq Ft
Source: MLSListings

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81799813

MLSListings
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