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For sale
  • Price cut: $62K (11/7)
    $1,688,000

    1927 Palm Ave, San Mateo, CA 94403

    --beds
    --baths
    2,137sqft
    : 
    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
    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!
    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#: ML82020863MLS Logo

    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
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    Estimated market value

    $1,653,200

    $1.57M - $1.74M

    $4,966/mo

    Price history

    Price history
    DateEventPrice
    11/7/2025Price change$1,688,000-3.5%$790/sqft
    Source: MLSListings Inc #ML82020863 Report a problem
    9/9/2025Listed for sale$1,750,000+6.1%$819/sqft
    Source: MLSListings Inc #ML82020863 Report a problem
    4/6/2020Listing removed$1,650,000$772/sqft
    Source: Intero Real Estate Services #ML81775967 Report a problem
    1/14/2020Price change$1,650,000-8.3%$772/sqft
    Source: Intero Real Estate Services #ML81775967 Report a problem
    11/20/2019Listed for sale$1,800,000+67.4%$842/sqft
    Source: Intero Real Estate Services #ML81775967 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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
      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.

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