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!
For sale
Price cut: $62K (11/7)
$1,688,000
1927 Palm Ave, San Mateo, CA 94403
--beds
--baths
2,137sqft
Est.:
Duplex, Residential Income
Built in 1954
-- sqft lot
$1,653,200 Zestimate®
$790/sqft
$-- HOA
What's special
Common backyardWasher and dryer hookupsDual pane windows
- 92 days |
- 454 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 07:38am
Listed by:
Stephen Guzzetti 01777838 408-393-4647,
Intero Real Estate Services 408-357-5700
Source: MLSListings Inc,MLS#: ML82020863
Tour with a local agent
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Oven/Range, Refrigerator
- Laundry: Hookups Only
Features
- Flooring: Carpet, Tile, Vinyl Linoleum
Interior area
- Total structure area: 2,137
- Total interior livable area: 2,137 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 1
Lot
- Size: 4,750 Square Feet
Details
- Parcel number: 035231150
- Zoning: R20000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Duplex, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 1954
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Utilities for property: Public Utilities, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Mateo
Financial & listing details
- Price per square foot: $790/sqft
- Tax assessed value: $1,247,622
- Annual tax amount: $23,268
- Date on market: 9/9/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Building, DishwasherAllUnits, OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
$1,653,200
$1.57M - $1.74M
$4,966/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Price change | $1,688,000-3.5%$790/sqft |
Source: | ||
| 9/9/2025 | Listed for sale | $1,750,000+6.1%$819/sqft |
Source: | ||
| 4/6/2020 | Listing removed | $1,650,000$772/sqft |
Source: Intero Real Estate Services #ML81775967 Report a problem | ||
| 1/14/2020 | Price change | $1,650,000-8.3%$772/sqft |
Source: Intero Real Estate Services #ML81775967 Report a problem | ||
| 11/20/2019 | Listed for sale | $1,800,000+67.4%$842/sqft |
Source: Intero Real Estate Services #ML81775967 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $17,610 +1.6% | $1,247,622 +2% |
| 2023 | $17,328 +2.9% | $1,223,160 +2% |
| 2022 | $16,837 -0.4% | $1,199,178 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,507/mo
Principal & interest
$8355
Property taxes
$1561
Home insurance
$591
Climate risks
Neighborhood: Twenty-Fifth Ave
Nearby schools
GreatSchools rating
- 3/10Sunnybrae Elementary SchoolGrades: K-5Distance: 0.8 mi
- 5/10Borel Middle SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Aragon High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: SunnybraeElementary
- Middle: BorelMiddle
- High: AragonHigh
- District: SanMateoFosterCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
- Loading




