Myrtle, Half Moon Bay, California 94019, Half Moon Bay, - bed, bath
ACTIVE UNDER CONTRACT$1,299,000
Myrtle, Half Moon Bay, California 94019
4Beds
2Baths
1,600Sqft
7,638Lot
Year Built
1903
Close
-
List price
$1.3M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
94 Days
Sold On
2023-02-06
MLS number
ML81912336
Home ConditionPoor
Features
View-
About this home
PRICED for quick sale- Now an Opporfunity! Years ago, this classic nostalgic early 1900's home apparently was converted to a duplex (very long term tenants at very low rents).Excellent location plus a ton of unrealized potential! Well located in the south downtown area of the colorful and diverse culture of the beach community known lovingly by locals and visitors alike as HMB! The spacious lot allows for both patios + gardening; along with the possibility of incorporating an ADU. AND BE SURE not to forget to have your agent ask the listing agent for details of the very large bonus Attic area . Sold "as is" with tenants to remain in possession at close of escrow.. Also listed in multi-class.
Price History
Date
Event
Price
09/03/25
Price Change
$1,299,000
11/04/22
Listing
$1,499,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (45 Listings) | |
|---|---|---|---|
| Beds | 4 | 3.5 | 50% |
| Baths | 2 | 3 | 35% |
| Square foot | 1,600 | 2,341 | 24% |
| Lot Size | 7,638 | 6,727 | 65% |
| Price | $1.3M | $1.7M | 15% |
| Price per square foot | $812 | $830 | 43% |
| Built year | 1903 | 9880989 | 2% |
| HOA | |||
| Days on market | 1096 | 154 | 98% |
Condition Rating
Poor
Built in 1903, this property is explicitly listed 'as is' with 'unrealized potential,' indicating significant deferred maintenance and the need for substantial repairs and rehabilitation. The absence of any interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in very outdated or poor condition. While not explicitly stated as 'unlivable,' the description points to a property that requires extensive work to meet modern standards, likely affecting safety and comfort.
Pros & Cons
Pros
Desirable Coastal Location: Situated in the vibrant south downtown area of Half Moon Bay, offering a highly sought-after beach community lifestyle with local amenities.
Significant Development Potential: The spacious 7,638 sqft lot allows for the possibility of incorporating an Accessory Dwelling Unit (ADU), and there's a large bonus attic area for future expansion.
Income-Generating Duplex Configuration: The property has been converted to a duplex, providing immediate rental income streams for an investor.
Motivated Seller/Value Opportunity: The property is 'PRICED for quick sale' with a significant price reduction from its original list price, indicating a motivated seller and potential for a value acquisition.
Historic Charm & Character: As an early 1900s home (built 1903), it possesses classic nostalgic appeal and unique architectural character.
Cons
Tenant Occupied with Below-Market Rents: Long-term tenants with very low rents will remain in possession at close of escrow, limiting immediate income optimization and posing challenges for owner-occupancy.
"As-Is" Sale & Deferred Maintenance: Sold in 'as-is' condition, combined with its 1903 build year, suggests significant potential for required repairs, upgrades, and deferred maintenance costs.
Potential Legal/Permitting Issues: Described as a 'Single Family Residence' but noted as a converted duplex, which may indicate a non-conforming use or unpermitted conversion requiring buyer due diligence.