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1927 Palm AvenueSan Mateo, CA 94403

For Sale

$1,750,000

Smart Buyer Rebate $17,500

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.

Listed by Stephen Guzzetti

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License #01777838

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Intero Real Estate Services

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408-393-4647

Last updated September 10, 2025

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Source: MLSListings #ML82020863

Listing Facts

  • TypeMulti-family
  • NeighborhoodFiesta Gardens
  • Days on Prevu1
  • Taxes$23,268/year
  • Size2,137 sqft
  • Price per sqft$819

Amenities

  • Dishwasher
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/09/2025
Listed by Intero Real Estate Services
$1,750,000

Property Details for 1927 Palm Avenue

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Composition
  • Stories: 1
  • Year Built: 1954
  • Year Built Details: 2
  • Architectural Style: Bungalow

Measurements

  • Building Area Total: 2,137
  • Lot Size Acres: 0.10
  • Lot Size Area: 4,750
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4,750
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.68
  • Gross Income: $81,480.00
  • Operating Expense Includes: Gardener, Insurance

Taxes

  • Parcel Number: 035-231-150
  • Tax Annual Amount: $23,268.00

Interior

Features

  • Appliances: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Flooring: Carpet, Tile, Vinyl/Linoleum

Measurements

  • Living Area: 2,137

Other

Features

  • Accessibility Features: Parking

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Attached Garage
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Sunnybrae Elementary
  • Elementary School District: San Mateo-Foster City Elementary

High School

  • High School: Aragon High
  • High School District: San Mateo Union High

Middle or Junior School

  • Middle Or Junior School: Borel Middle

Utilities

Equipment

  • Heating: Wall Furnace
  • Laundry Features: Hookups Only
  • Utilities: Public Utilities, Individual Electric Meters, Individual Gas Meters

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.