1931 Palm Avenue San Mateo, CA $ 1,688,000
1931 Palm Avenue
$ 1,688,000
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1931 Palm Avenue

San Mateo, CA, 94403
$ 1,688,000
Bedrooms4 Baths0.0 Sq 2,137

Monthly Estimate*

$ 10,393

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Multi-Family Home for sale in San Mateo, CA

for $1,688,000 with 4 bedrooms. This 2,137 square foot home was built in 1955 on a lot size of 0.109045.

1931-1933 Palm Ave Duplex represents a very attractive investment and outstanding opportunity for the savvy investor. Located in a very desirable and sought after rental submarket, this duplex offers value-add upside through unit upgrades and rental repositioning. The units have been well maintained and have superior tenant profiles affording stable income and worry free operation. All units feature spacious 2 bedroom and 1 bathroom units featuring their own water heater. There is a common backyard for relaxing and entertaining and separate 1 car attached garages which include washer and dryer hookups. The units also boast dual pane windows and all utilities (PG&E & Water) are separately metered. Near Central Park and the vibrant downtown scene with nearby dining and shopping. CalTrain, Highways 101 and 92 are just minutes away with SFO and Bart less than 10 miles away as well. 1927 & 1929 Palm Ave duplexes are just across the beautiful and functional paver driveway/courtyard and are also for sale by the same owner. These two duplexes can be sold in combination or separately via a driveway easement and maintenance agreement. This duplex is 100% leased up. NEW Sewer Laterals! Please DO NOT go on the property!

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Multi-Family Active

Price

$ 1,688,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.109045

Year Built

1955

Town/City

San Mateo

County/Region

San Mateo

MLS | Web ID

ML82034011

Features
General
Living Area 2137
Heating Wall Furnace
Cooling No Air Conditioning
Roof Composition Shingles
Zoning R200
Year Built 1955
Property Subtype Duplex
County San Mateo
Property Type Residential Income
HOA N
Status Active
City San Mateo
High School District San Mateo Union High
MLS Area Listing
Lot Size Square Feet 4750
Standard Status Active
Elementary School District San Mateo-Foster City Elementary
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Interior
Flooring Tile
Air Conditioning Y/N 0
Heating Y/N Yes
Window Features Double Pane Windows
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Exterior
Lot Size Area 4791.6
Building Area Total 2137
Lot Size Acres 0.11
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Internal Only
Street Number 1 1931
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* Excluded Features
List By
Stephen Guzzetti

Listing Agent

Intero Real Estate Services

Broker

sguzzetti@interorealestate.com

Email

Affordability Calculator

$10,393
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,393
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4250415 Elementary School
4250413 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/6/2026$1,688,000 Listed Price

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1931 Palm Avenue, San Mateo, CA, 94403 is a Multi-Family Home for sale at $1,688,000 with 2,137 sqft and a lot size of 0.109045. 1931 Palm Avenue has 4 bedrooms, 0.0 baths, and was built in 1955. The property's zip code is 94403 which is in San Mateo, CA