1927 Palm Avenue San Mateo, CA $ 1,688,000
1927 Palm Avenue
$ 1,688,000
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1927 Palm Avenue

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

Monthly Estimate*

$ 10,393

Listed by Intero Real Estate Services
1927 Palm Avenue, San Mateo, CA 94403 - Image 1
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Studio

Multi-Family Home for sale in San Mateo, CA

for $1,688,000. This 2,137 square foot home was built in 1954 on a lot size of 0.109.

1927-1929 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. 1931 & 1933 Palm Ave duplexes are just across the beautiful 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. The last set of interior photos are of 1927 when it was vacant. NEW Sewer Laterals! Please DO NOT go onto the property! Thank you.

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Multi-Family Contingent

Price

$ 1,688,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 23,268

Style

Lot Size

0.109

Year Built

1954

Town/City

San Mateo

County/Region

San Mateo

MLS | Web ID

ML82034012

Days on Market

17

Features
General
Living Area 2137
Heating Wall Furnace
Cooling None
Roof Composition
Appliances Dishwasher Disposal Refrigerator
Zoning R20000
Garage Spaces 1
Architectural Style Bungalow
Year Built 1954
Property Subtype Duplex
Accessibility Parking
County San Mateo
Insurance Expense 1814
Property Type Residential Income
HOA false
MaintenanceExpense 3092
Garage Y/N true
Special Listing Conditions Standard
Status Active Under Contract
High School Aragon
City San Mateo
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 4750
Carport Spaces 0
Elementary School Other
Tax Annual Amount 23268
Middle/Junior High School Other
Trash Expense 0
Standard Status Active Under Contract
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Duplex
Cap Rate 0.26
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Interior
Flooring Carpet Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Total Parking 2
Lot Size Area 4750
Number of Buildings 1
Building Area Total 2137
Lot Size Acres 0.109
Lot Size Source Assessor
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* Excluded Features
List By
Intero Real Estate Services

Broker

sguzzetti@interorealestate.com

Email

Affordability Calculator

$12,332
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,393
Monthly Property Taxes
$1,939
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
0 Elementary School
0 Middle School
Aragon High School High School
Pricing History
DatePricePrice ChangeDescription
2/6/2026$1,688,000 Listed Price

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1927 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 0.109. 1927 Palm Avenue is a studio with 0.0 baths and was built in 1954. The property's zip code is 94403 which is in San Mateo, CA