Oak Avenue, Half Moon Bay, California 94019, Half Moon Bay, - bed, bath
PENDING$1,300,000
Oak Avenue, Half Moon Bay, California 94019
0Bed
0Bath
3,195Sqft
5,000Lot
Year Built
1976
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
93 Days
Sold On
2025-11-12
MLS number
ML82010915
Home ConditionFair
Features
Good View: Park/Greenbelt
ViewPark/Greenbelt
About this home
This is a fantastic opportunity for rental or owner-occupancy. Close to shopping, beaches, trails, parks, downtown, HWY 1, HWY 92, and schools. Ideal for an end user to live in one unit and rent out the other, or for multi-family living, where each unit has its own space. Each unit has its own fenced backyard. It's also perfect for investors, partners, or friends looking to own a home. The units feature new carpets, fresh paint, and updated garage doors. The property is a diamond in the rough, but not too rough. Don't let this opportunity pass you by.
Price History
Date
Event
Price
10/07/25
Price Change
$1,300,000-3.7%
08/11/25
Listing
$1,350,000
Condition Rating
Fair
Built in 1976, the property is 48 years old. While the listing mentions recent cosmetic updates like new carpets, fresh paint, and updated garage doors, the images reveal significantly outdated kitchens and bathrooms with older appliances, laminate countertops, and basic fixtures. The heating system appears to be older wall heaters. The property is functional and maintained, but major components and aesthetics are clearly dated, requiring substantial updates to meet current standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Income Potential & Versatility: The property offers significant flexibility for rental income, owner-occupancy with a rental unit, multi-family living, or as an investment, appealing to a broad range of buyers.
Prime Coastal Location: Situated in Half Moon Bay, it boasts excellent proximity to shopping, beaches, trails, parks, downtown, and major highways (HWY 1, HWY 92), enhancing lifestyle and convenience.
Duplex Configuration with Private Yards: As a duplex, each unit benefits from its own separate space and a private fenced backyard, a desirable feature for tenants or multi-generational living.
Recent Cosmetic Updates: The units feature new carpets, fresh paint, and updated garage doors, indicating recent investment in improving the property's immediate aesthetics and functionality.
Desirable View: The property offers a 'Park/Greenbelt' view, adding to its aesthetic appeal and potentially enhancing its market value.
Cons
Implied Need for Further Investment: Described as 'a diamond in the rough,' it suggests that while some updates are present, the property likely requires additional investment for modernization or to reach its full potential, which could deter turn-key buyers.
Extended Days on Market & Price Reduction: With 93 days on market and a price reduction from $1.35M to $1.3M, it indicates potential buyer hesitation or that the initial pricing/condition may have been a barrier.
Age of Property & Unknown System Updates: Built in 1976, the property is nearly 50 years old. While cosmetic updates are noted, there's no mention of major system upgrades (e.g., plumbing, electrical, roof, HVAC), which could lead to significant future expenses.