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

1931 Palm Avenue

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

Monthly Estimate*

$ 10,531

Listed by Intero Real Estate Services
1931 Palm Avenue, San Mateo, CA 94403 - Image 1
1931 Palm Avenue, San Mateo, CA 94403 - Image 2
1931 Palm Avenue, San Mateo, CA 94403 - Image 3
1931 Palm Avenue, San Mateo, CA 94403 - Image 4
1931 Palm Avenue, San Mateo, CA 94403 - Image 5
1931 Palm Avenue, San Mateo, CA 94403 - Image 6
1931 Palm Avenue, San Mateo, CA 94403 - Image 7
1931 Palm Avenue, San Mateo, CA 94403 - Image 8
1931 Palm Avenue, San Mateo, CA 94403 - Image 9
1931 Palm Avenue, San Mateo, CA 94403 - Image 10
1931 Palm Avenue, San Mateo, CA 94403 - Image 11
1931 Palm Avenue, San Mateo, CA 94403 - Image 12
1931 Palm Avenue, San Mateo, CA 94403 - Image 13
1931 Palm Avenue, San Mateo, CA 94403 - Image 14
1931 Palm Avenue, San Mateo, CA 94403 - Image 15
1931 Palm Avenue, San Mateo, CA 94403 - Image 16
1931 Palm Avenue, San Mateo, CA 94403 - Image 17
1931 Palm Avenue, San Mateo, CA 94403 - Image 18
1931 Palm Avenue, San Mateo, CA 94403 - Image 19
1931 Palm Avenue, San Mateo, CA 94403 - Image 20
1931 Palm Avenue, San Mateo, CA 94403 - Image 21
1931 Palm Avenue, San Mateo, CA 94403 - Image 22
View a Virtual Tour
Studio

Multi-Family Home for sale in San Mateo, CA

for $1,688,000. This 2,137 square foot home was built in 1955 on a lot size of 0.109.

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!

See more

Multi-Family Active

Price

$ 1,688,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 23,568

Style

Lot Size

0.109

Year Built

1955

Town/City

San Mateo

County/Region

San Mateo

MLS | Web ID

ML82020858

Days on Market

100

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 1955
Property Subtype Duplex
Accessibility Parking
County San Mateo
Insurance Expense 1805
Property Type Residential Income
HOA false
MaintenanceExpense 867
Garage Y/N true
Special Listing Conditions Standard
Status Active
High School Aragon
City San Mateo
Disclosures Easement(s)
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 23568
Middle/Junior High School Other
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Duplex
Cap Rate 2.97
See more
Interior
Flooring Carpet Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
See more
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
See more
* Excluded Features
List By
Intero Real Estate Services

Broker

sguzzetti@interorealestate.com

Email

Affordability Calculator

$12,495
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,531
Monthly Property Taxes
$1,964
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
0 Elementary School
0 Middle School
Aragon High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,688,000 Listed Price

Map


See all

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 0.109. 1931 Palm Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 94403 which is in San Mateo, CA