$1,688,000

1931 Palm Avenue, San Mateo, CA 94403

2,137 sqft

Duplex
Built in 1955
4,748sqft lot
1 car garage
$790/sqft
Listed 3 months ago

Property Description

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!

Listing Status:: Active
Date Added:: September 9, 2025 at 05:00AM
Listing Office:: Intero Real Estate Services : (408) 357-5700
Listing Agent:: Stephen Guzzetti : 408-393-4647
MLS ID:: ML82020858

Appliances: DishwasherDisposalRefrigerator
Flooring: CarpetTile
A/C: None
Heating: Wall Furnace
Disability Feature: Parking

Style: Bungalow
Parking: Parking spaces: 2

Roofing: Composition
General: 1

Originating MLS: CRMLS_MLSL
School District: Other
County: San Mateo

Zoning: R20000035231140

Source: CRMLS_MLSL

This listing courtesy of Stephen Guzzetti, Intero Real Estate Services

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Fiesta Gardens International Elementary School

1001 Bermuda Dr, San Mateo, CA, 94403

Grades KG-5

0.54 miles away

Borel Middle School

425 Barneson Ave, San Mateo, CA, 94402

Grades 6-8

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.