Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1927 Palm Ave San Mateo, CA 94403

    Sponsored
    For Sale
    Under Contract
    $1,688,000

    Bungalow, Duplex - SAN MATEO, CA

    Type:Duplex
    Property size:
    2,137 SF
    Lot size:
    0.11 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 7 at 6:06 am

    Property Features for 1927 Palm Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Zoning
    R20000
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen
    Bedrooms
    4
    Parking
    2
    Parking features
    Garage, Garage - Attached
    Interior features
    Parking, None
    Size
    2,137 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1954
    Number of units
    2
    Flooring type
    Carpet, Linoleum, Tile, Vinyl
    Roof type
    Composition
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Stephen Guzzetti

    Intero Real Estate Services, Inc. (866) 334-7356

    Listing agent Stephen Guzzetti (408) 357-5700 License #01777838

    Listing date Feb 6, 2026

    MLS# ML82034012 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    San Mateo Duplex Investment Opportunity

    The 1927-1929 Palm Ave Duplex presents an investment opportunity in a sought-after rental submarket. This well-maintained duplex offers value-add potential through unit upgrades and rental repositioning. The property consists of two spacious units, each featuring 2 bedrooms and 1 bathroom, and their own water heater. A common backyard provides space for relaxing and entertaining. Each unit has a separate 1-car attached garage with washer and dryer hookups. Dual-pane windows are installed throughout. All utilities, including PG&E and water, are separately metered. The property is located near Central Park and the downtown area, with dining and shopping options. CalTrain and Highways 101 and 92 are easily accessible, and SFO and BART are less than 10 miles away. The lot size is 0.109 acres and the property size is 2137 square feet. The zoning is R20000. The property includes new sewer laterals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.30923
    Latitude
    37.55029

    Nearby Similar for Sale

    • $2,495,000
      3,607 SF

      San Mateo Fourplex Investment Opportunity

      Well-maintained fourplex in prime San Mateo location near top schools.
      444 Villa Ter, San Mateo, CA 94401
      View Details
    • $1,798,888
      3,328 SF

      San Mateo Duplex: Ideal Investment

      Spacious duplex in Bowie Estates, San Mateo, near downtown.
      229 N Humboldt St, San Mateo, CA 94401
      View Details
    • New
      $1,688,000
      2,137 SF

      San Mateo Duplex Investment Opportunity

      Well-maintained duplex in desirable location with value-add potential.
      1931 Palm Ave, San Mateo, CA 94403
      View Details
    • $5,700,000
      4,586 SF

      Remodeled Multi-Unit Investment Opportunity

      Twelve remodeled units in San Mateo with strong rental potential.
      735 N Amphlett Blvd, San Mateo, CA 94401
      View Details
    • $2,850,000
      4,586 SF

      Remodeled Multi-Unit Investment Opportunity

      Six remodeled units in San Mateo, ideal for investors.
      739 N Amphlett Blvd, San Mateo, CA 94401
      View Details
    • $355,000
      0.36 Acres

      Established Auto Repair Business For Sale

      Profitable auto repair shop serving San Mateo community for 20+ years.
      501 S Norfolk St, San Mateo, CA 94401
      View Details
    • Contact for pricing

      Foster City Leased Parking Site

      2.63-acre leased parking site with 301 stalls in Foster City.
      384 Foster City Blvd, San Mateo, CA 94404
      View Details
    • $1,495,000

      San Mateo Duplex Near Caltrain

      Spacious duplex near downtown and Caltrain with private yards.
      305 Catalpa St, San Mateo, CA 94401
      View Details
    • $8,888,000

      San Mateo Multifamily Investment Opportunity

      Turnkey 17-unit apartment building near Hillsdale Shopping Center.
      Flores St, San Mateo, CA 94403
      View Details
    • $2,098,000

      San Mateo Triplex in Aragon

      Turn-key three-unit building in San Mateo's Aragon neighborhood.
      6 Avila Rd, San Mateo, CA 94402
      View Details
    • $2,495,000

      San Mateo Four-Unit Multifamily Property

      Well-maintained four-unit property in prime San Mateo location.
      444 Villa Ter, San Mateo, CA 94401
      View Details
    • $1,399,000

      San Mateo Multifamily Investment Opportunity

      Four-unit multifamily property in a desirable San Mateo location.
      245 Grand Blvd, San Mateo, CA 94401
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with value-add potential in a desirable location.
    Where is this duplex located?
    The property is located at 1927 Palm Ave San Mateo, CA.
    What is the asking price?
    The asking price for this property is $1,688,000.
    What are key features of this property?
    This property features: - Value-add opportunity through unit upgrades and rental repositioning in a desirable rental submarket.; - Stable income and worry-free operation due to well-maintained units and superior tenant profiles.; - Convenient location near Central Park, downtown dining/shopping, CalTrain, Highways 101/92, SFO, and BART.
    (408) 357-5700
    Request Owner's contact information
    1927 Palm Ave San Mateo, CA 94403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1927 Palm Ave
    San Mateo, CA 94403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1927 Palm Ave San Mateo, CA 94403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephen Guzzetti
    Real Estate License ID: 01777838
    (408) 357-5700
    Learn more
    Google sign-in failed. Please try again or use another login method.