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575 Myrtle Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Listed by Realsmart Properties | $1,448,000 | |
| Listed by Realsmart Properties | |||
| Sep 27, 2025 | Price Decreased |
$1,498,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed | $1,598,000 | |
| Listed | |||
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Own a Pied-a-Terre That Pays for Itself Imagine slipping away from the pace of Silicon Valley to spend your weekends surrounded by the charm of Half Moon Bay. At 575 Myrtle Street, you can do just that - enjoying your own private coastal pied-a-terre while two additional rental units generate income to help cover the cost. This thoughtfully converted legal triplex offers three fully independent residences, each with its own entrance, kitchen, and living space. Claim one unit as your personal retreat: sip morning coffee before heading to the beach, unwind with fresh ocean air in the shared backyard, and enjoy downtowns restaurants and galleries by evening. Meanwhile, the two other units provide reliable rental income, giving you the rare opportunity to enjoy coastal living while your investment works for you. With beaches, trails, and the lively Main Street corridor just blocks away, 575 Myrtle is more than a property - its a lifestyle. A weekend escape, ready to become your personal gateway to the coast.
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| Jul 17, 2025 | Listed | $1,598,000 | |
| Listed | |||
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Situated just moments from the heart of downtown Half Moon Bay, 575 Myrtle Street presents a rare and flexible opportunity on the coast, a single-family home thoughtfully converted into a legal triplex. The property features three self-contained units, each with its own entrance, kitchen, and living space. The two front units retain the charm of the original home, with a light-filled layout and coastal character. The top unit offers comfortable, well-appointed interiors. A shared backyard, ample parking, and proximity to beaches, trails, and the vibrant Main Street corridor further enhance the appeal. Whether you're a seasoned investor or exploring your first coastal rental, 575 Myrtle Street offers built-in income, flexible living arrangements, and a prime location.
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| Sep 30, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017