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466 Willow Ave, Half Moon Bay, Ca 94019 466 Willow Ave

3 Unit Block of Flats £1,423,981 (£474,660/Unit) 3.73% Net Initial Yield Half Moon Bay, CA 94019

Investment Highlights

  • West of Highway 1, within walking, biking distance to beaches, Coastal Trail, Historic Downtown Half Moon Bay, Shopping, Restaurants, Parks, Schools
  • Value Add Opportunity
  • Exceptionally well maintained asset
  • Low Vacancy Rate Market

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.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £74,026 £10.31
Other Income £5,966 £0.83
Vacancy Loss - -
Effective Gross Income £79,992 £11.14
Taxes £18,386 £2.56
Operating Expenses £8,433 £1.17
Total Expenses £26,819 £3.74
Net Operating Income £53,173 £7.41

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £74,026
Annual Per SF £10.31
Other Income
Annual £5,966
Annual Per SF £0.83
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £79,992
Annual Per SF £11.14
Taxes
Annual £18,386
Annual Per SF £2.56
Operating Expenses
Annual £8,433
Annual Per SF £1.17
Total Expenses
Annual £26,819
Annual Per SF £3.74
Net Operating Income
Annual £53,173
Annual Per SF £7.41

Property Facts

Price £1,423,981
Price Per Unit £474,660
Sale Type Investment
Net Initial Yield 3.73%
Gross Rent Multiplier 17.8
No. Units 3
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 7,180 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1965
Parking Ratio 0.7/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Dishwasher
  • Heating
  • Kitchen
  • Vinyl Flooring

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 1 £2,130 -
2+1 2 £2,019 -
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: 34238056

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 466 Willow Ave, Half Moon Bay, CA 94019

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