This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

470 Willow Ave, Half Moon Bay, Ca 94019 470 Willow Ave

3 Unit Apartment Building $1,790,000 ($596,667/Unit) 3.73% Cap Rate Half Moon Bay, CA 94019

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.

Attachments

MLS Printout 2

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $93,053 $30.36
Other Income $7,500 $2.45
Vacancy Loss - -
Effective Gross Income $100,553 $32.81
Taxes $23,112 $7.54
Operating Expenses $10,600 $3.46
Total Expenses $33,712 $11.00
Net Operating Income $66,841 $21.81

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $93,053
Annual Per SF $30.36
Other Income
Annual $7,500
Annual Per SF $2.45
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $100,553
Annual Per SF $32.81
Taxes
Annual $23,112
Annual Per SF $7.54
Operating Expenses
Annual $10,600
Annual Per SF $3.46
Total Expenses
Annual $33,712
Annual Per SF $11.00
Net Operating Income
Annual $66,841
Annual Per SF $21.81

Property Facts

Price $1,790,000
Price Per Unit $596,667
Sale Type Investment
Cap Rate 3.73%
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.11 AC
Building Size 3,065 SF
Average Occupancy 100%
No. Stories 2
Year Built 1964
Parking Ratio 1.63/1,000 SF

Unit Amenities

  • Dishwasher
  • Eat-in Kitchen
  • Kitchen
  • Range
  • Tub/Shower
  • Family Room
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $2,678 -
2+1 2 $2,538 -
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3 (R3- Multifamily. R-3, Multifamily Residential Zoning District)
R3 (R3- Multifamily. R-3, Multifamily Residential Zoning District)
  • Listing ID: 34262008

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 470 Willow Ave, Half Moon Bay, CA 94019

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}