Log In/Sign Up
Your email has been sent.
470 Willow Ave, Half Moon Bay, Ca 94019 470 Willow Ave 3 Unit Apartment Building $2,163,676 CAD ($721,225 CAD/Unit) 3.37% Cap Rate Half Moon Bay, CA 94019
INVESTMENT HIGHLIGHTS
- Building amenities include covered parking, and laundry facility.
- Significant upside in rental income for future owner.
- Easy to commute to the Peninsula, San Francisco, Silicon Valley and SFO.
- 100% Tenant Occupied, in a Low Vacancy Rate Market.
- West side of Highway 1, short walk to beach, Coastal Trail and Historic downtown Half Moon Bay.
EXECUTIVE SUMMARY
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!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$129,895
|
$42.38
|
| Other Income |
$10,469
|
$3.42
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,364
|
$45.80
|
| Taxes |
$28,577
|
$9.32
|
| Operating Expenses |
$21,124
|
$6.89
|
| Total Expenses |
$49,702
|
$16.22
|
| Net Operating Income |
$90,662
|
$29.58
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $129,895 |
| Annual Per SF | $42.38 |
| Other Income (CAD) | |
|---|---|
| Annual | $10,469 |
| Annual Per SF | $3.42 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $140,364 |
| Annual Per SF | $45.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,577 |
| Annual Per SF | $9.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,124 |
| Annual Per SF | $6.89 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,702 |
| Annual Per SF | $16.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $90,662 |
| Annual Per SF | $29.58 |
PROPERTY FACTS
| Price | $2,163,676 CAD | Lot Size | 0.11 AC |
| Price Per Unit | $721,225 CAD | Building Size | 3,065 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3.37% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - R3- Multifamily. R-3, Multifamily Residential Zoning District | ||
| Price | $2,163,676 CAD |
| Price Per Unit | $721,225 CAD |
| Sale Type | Investment |
| Cap Rate | 3.37% |
| 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 |
| Zoning | R3 - R3- Multifamily. R-3, Multifamily Residential Zoning District |
AMENITIES
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 | $3,738 CAD | - |
| 2+1 | 2 | $3,543 CAD | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (82)
1 of 40
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
470 Willow Ave, Half Moon Bay, Ca 94019 | 470 Willow Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.