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Key Details
Sold Price $1,405,629
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $354
MLS Listing ID ML81652983
Sold Date 08/10/17
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1994
Lot Size 7,501 Sqft
Property Description
An ocean of opportunity awaits at this beach community oasis, a minute walk to the ocean. 3,960 Square Feet, vacation-style, modern residence features a main home as well 2 private guest units equipped w/ all amenities such as full kitchens & bathrooms, creating a primary home, summer residence, or an AirBnB gold mine! Property features newly installed Brazilian cherry floors, remodeled kitchens, inc. granite, marble & quartz & high-end designer appliances; vaulted ceilings, skylights, custom molding & more. Beach life in Half Moon Bay known for its surf shops, restaurants & Ritz Carlton Hotel. Rent via AirBnB-$5,000x26 weekends (half of the year) is $130,000 - $23,000 operating expenses = $107,500/list price is a 6% capitalization rate! Leasing according to rental analytics would gross approximately $8,000/month or $100,000/annually. Cap Rate=4.2% approx! Easy commute to SF/Silicon Valley! Buyer to verify SF, schools, permits.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R10000
Interior
Interior Features Loft
Heating Central, Wood Stove
Cooling None
Flooring Tile, Wood
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Dishwasher, Disposal, Refrigerator, Range Hood
Exterior
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
View Y/N Yes
View Ocean
Roof Type Composition
Attached Garage Yes
Total Parking Spaces 4
Building
Story 2
Foundation Slab
Water Public
New Construction No
Schools
School District Other
Others
Tax ID 048126210
Acceptable Financing FHA, VA Loan
Listing Terms FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Barry Gevertz • Coldwell Banker Realty