466 Willow Ave, Half Moon Bay, Ca 94019 | 466 Willow Ave
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466 Willow Ave, Half Moon Bay, Ca 94019 466 Willow Ave
3 Unit Apartment Building $1,790,000 ($596,667/Unit) 3.73% Cap Rate Half Moon Bay, CA 94019
Investment Highlights
- West of Highway 1, within walking, biking distance to beaches, Coastal Trail, Historic Downtown Half Moon Bay, Shopping, Restaurants, Parks, Schools
- Value Add Opportunity
- Exceptionally well maintained asset
- Low Vacancy Rate Market
Executive Summary
Exceptionally well maintained Triplex on the Coast. West side location with walkability to beaches, Coastal Trail, Historic Downtown Half Moon Bay, shopping, schools, and more.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$93,053
|
$12.96
|
| Other Income |
$7,500
|
$1.04
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,553
|
$14.00
|
| Taxes |
$23,112
|
$3.22
|
| Operating Expenses |
$10,600
|
$1.48
|
| Total Expenses |
$33,712
|
$4.70
|
| Net Operating Income |
$66,841
|
$9.31
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $93,053 |
| Annual Per SF | $12.96 |
| Other Income | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $1.04 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,553 |
| Annual Per SF | $14.00 |
| Taxes | |
|---|---|
| Annual | $23,112 |
| Annual Per SF | $3.22 |
| Operating Expenses | |
|---|---|
| Annual | $10,600 |
| Annual Per SF | $1.48 |
| Total Expenses | |
|---|---|
| Annual | $33,712 |
| Annual Per SF | $4.70 |
| Net Operating Income | |
|---|---|
| Annual | $66,841 |
| Annual Per SF | $9.31 |
Property Facts
| Price | $1,790,000 | Apartment Style | Low Rise |
| Price Per Unit | $596,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 3.73% | Building Size | 7,180 SF |
| Gross Rent Multiplier | 17.8 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.7/1,000 SF |
| Price | $1,790,000 |
| Price Per Unit | $596,667 |
| Sale Type | Investment |
| Cap Rate | 3.73% |
| Gross Rent Multiplier | 17.8 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,180 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.7/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,678 | - |
| 2+1 | 2 | $2,538 | - |
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Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (82)
zoning
| Zoning Code | R3 (R3- Multifamily. R-3, Multifamily Residential Zoning District) |
| R3 (R3- Multifamily. R-3, Multifamily Residential Zoning District) |
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466 Willow Ave, Half Moon Bay, Ca 94019 | 466 Willow Ave
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