Single-family home · 2 recorded sales since 2016
Listing Agent: Ameer Tantawy (DRE #02000684) · Listing Office: Intero Real Estate Services · Contact: 408-741-1600 · Bought with: Barry Gevertz · Coldwell Banker Realty · MLS #ML81652983 · Source: CRMLS
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.
Listing description from the August 2017 sale, as reported to CRMLS.