GetMyHome
‪(213) 433-7766‬

466 Willow Avenue, Half Moon Bay, California 94019, Half Moon Bay, - bed, bath

home-pic
ACTIVE$1,550,000
466 Willow Avenue, Half Moon Bay, California 94019
0Bed
0Bath
3,145Sqft
5,000Lot
Year Built
1965
Close
-
List price
$1.55M
Original List price
$1.79M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81988720
Home ConditionFair
Features
Good View:
View-

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, 3,145 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 1965, 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!

Price History

Date
Event
Price
09/03/25
Price Change
$1,550,000
01/14/25
Listing
$1,790,000
Condition Rating
Fair
The property was built in 1965, making it 59 years old. While the listing describes it as 'exceptionally well-maintained' on the exterior, it explicitly states it offers an 'excellent add-value opportunity to increase rents over time with higher-end interior renovations.' This strongly suggests that the kitchens, bathrooms, and other interior finishes are functional but outdated and would benefit significantly from modernization. The exterior images show a clean but dated aesthetic with older light fixtures and metal railings. Without interior photos, we rely on the description, which points to a property that is aged but maintained, with major components likely functional but showing signs of being outdated, aligning perfectly with the 'Fair' condition criteria.
Pros & Cons

Pros

Exceptional Coastal Location: Highly desirable Half Moon Bay location with walkability to beaches, the Coastal Trail, Historic Downtown, shopping, and dining, appealing to a premium tenant base.
Strong Investment Upside: Presents an excellent add-value opportunity to increase rents through higher-end interior renovations and potential conversion of tuck-under parking to an ADU.
Diverse Unit Mix: Comprises one large 3-bedroom/2-bath unit and two 2-bedroom/1-bath units, catering to a broad range of tenant needs and income diversification.
Commuter-Friendly Access: Prime location with easy access to Hwy 1 and 92, facilitating convenient commutes to San Francisco, SFO, and Silicon Valley, attracting a wider tenant pool.
Tenant-Centric Amenities: Includes valuable on-site amenities such as private covered parking and on-site laundry, enhancing tenant convenience and property desirability.

Cons

Older Construction: Built in 1965, the property may require significant capital expenditures for major system upgrades (e.g., plumbing, electrical, roof) to meet modern standards or support higher-end renovations.
Renovation Dependent Value-Add: The 'add-value' potential is explicitly tied to 'higher-end interior renovations,' indicating substantial upfront investment and potential vacancy periods required to achieve projected rental income increases.
Recent Price Adjustment: A notable price reduction from $1.79M to $1.55M could suggest initial overpricing or market resistance, warranting thorough due diligence on market comparables and property condition.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State