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

3 Unit Apartment Building $1,951,923 CAD ($650,641 CAD/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 (CAD) Annual Per SF (CAD)
Gross Rental Income $101,471 $33.11
Other Income $8,178 $2.67
Vacancy Loss - -
Effective Gross Income $109,649 $35.77
Taxes $25,203 $8.22
Operating Expenses $11,559 $3.77
Total Expenses $36,762 $11.99
Net Operating Income $72,887 $23.78

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $101,471
Annual Per SF $33.11
Other Income (CAD)
Annual $8,178
Annual Per SF $2.67
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $109,649
Annual Per SF $35.77
Taxes (CAD)
Annual $25,203
Annual Per SF $8.22
Operating Expenses (CAD)
Annual $11,559
Annual Per SF $3.77
Total Expenses (CAD)
Annual $36,762
Annual Per SF $11.99
Net Operating Income (CAD)
Annual $72,887
Annual Per SF $23.78

Property Facts

Price $1,951,923 CAD
Price Per Unit $650,641 CAD
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 $2,920 CAD -
2+1 2 $2,768 CAD -
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: 2024-12-20

  • Last Updated:

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

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