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Sold for $1,600,000
  • $1,600,000

    1927 Palm Ave, San Mateo, CA 94403

    4beds
    2baths
    2,137sqft
    Duplex, Residential Income
    Built in 1954
    -- sqft lot
    $1,609,000 Zestimate®
    $749/sqft
    $4,357 Estimated rent

    Home value

    $1,609,000

    $1.46M - $1.77M

    $4,357/mo

    Zestimate® history
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    $4,357/mo

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    $10,244/mo

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    $10,244/mo

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    What's special

    Dual 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! Please DO NOT go onto the property! Thank you.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephen Guzzetti 01777838 408-393-4647,

    Intero Real Estate Services 408-357-5700

    Bought with:

    Stephen Guzzetti, 01777838

    Intero Real Estate Services

    Source: MLSListings Inc,MLS#: ML82034012MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    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: $749/sqft
    • Tax assessed value: $1,272,574
    • Annual tax amount: $23,268
    • Date on market: 2/6/2026
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan
    • Inclusions: Building, DishwasherAllUnits, OvenRangeAllUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    4/16/2026Sold$1,600,000-5.2%$749/sqft
    Source: MLSListings Inc #ML82034012 Report a problem
    4/10/2026Pending sale$1,688,000$790/sqft
    Source: MLSListings Inc #ML82034012 Report a problem
    2/6/2026Contingent$1,688,000$790/sqft
    Source: MLSListings Inc #ML82034012 Report a problem
    2/6/2026Listed for sale$1,688,000+2.3%$790/sqft
    Source: MLSListings Inc #ML82034012 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
    11/8/2015Listing removed$2,550$1/sqft
    Source: 520 Peninsula Ave. , San Mateo, CA 94401 Report a problem
    11/4/2015Price change$2,550-1.7%$1/sqft
    Source: 520 Peninsula Ave. , San Mateo, CA 94401 Report a problem
    10/23/2015Price change$2,595-3%$1/sqft
    Source: 520 Peninsula Ave. , San Mateo, CA 94401 Report a problem
    10/14/2015Price change$2,675-0.9%$1/sqft
    Source: 520 Peninsula Ave. , San Mateo, CA 94401 Report a problem
    9/30/2015Price change$2,700-6.1%$1/sqft
    Source: 520 Peninsula Ave. , San Mateo, CA 94401 Report a problem
    9/19/2015Listed for rent$2,875$1/sqft
    Source: 520 Peninsula Ave. , San Mateo, CA 94401 Report a problem
    9/2/2015Sold$1,075,000-4.4%$503/sqft
    Source: Public Record Report a problem
    7/13/2015Pending sale$1,125,000$526/sqft
    Source: Coldwell Banker Residential Brokerage - San Mateo-Downtown #81467540 Report a problem
    5/29/2015Listed for sale$1,125,000$526/sqft
    Source: Coldwell Banker Residential Brokerage - San Mateo-Downtown #81467540 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,096 +2.8%$1,272,574 +2%
    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%
    2021$16,908 +6%$1,175,666 +1%
    2020$15,948 +3.5%$1,163,612 +2%
    2019$15,404 +5.8%$1,140,798 +2%
    2018$14,552 +3.8%$1,118,430 +2%
    2017$14,018 +3.3%$1,096,500 +2%
    2016$13,575 +196.5%$1,075,000 +313.3%
    2015$4,578 $260,078 +2%
    2014$4,578 $254,984 +0.5%
    2013-- $253,833 +2%
    2012-- $248,857
    2011-- $248,857 +2.8%
    2010-- $242,157 -0.2%
    2009-- $242,733 +2%
    2008-- $237,975 +2%
    2007-- $233,310 +2%
    2006-- $228,736
    2005-- $228,736 +4%
    2004-- $219,855 +1.9%
    2003-- $215,827 +2%
    2002-- $211,596 +2%
    2001-- $207,448 +2%
    2000-- $203,381
    Find assessor info on the county website

    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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    Estimated market value
    $1,609,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,609,000