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    1931 Palm Ave San Mateo, CA 94403

    New
    For Sale
    $1,688,000

    Bungalow, Duplex - SAN MATEO, CA

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

    Property Features for 1931 Palm Ave

    General Information

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

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1955
    Number of units
    2
    Flooring type
    Carpet, Linoleum, Tile, Vinyl
    Roof type
    Composition
    Architectural style
    Bungalow

    Intero Real Estate Services, Inc. (866) 334-7356 [email protected]

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

    Listing date Dec 1, 2025

    MLS# ML82020858 Listing URL

    Copyright © 2025 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.

    Overview

    San Mateo Duplex Investment Opportunity

    This duplex, located in a sought-after rental submarket, presents an investment opportunity with potential for increased value through unit upgrades and rental adjustments. The property features spacious 2-bedroom, 1-bathroom units that have been well maintained, offering stable income. Each unit is equipped with its own water heater. A shared backyard provides space for relaxation and entertainment. Individual one-car attached garages include washer and dryer hookups. The units also feature dual-pane windows, and all utilities (PG&E & Water) are separately metered. The property is located near Central Park and the downtown area, with dining and shopping options. CalTrain, Highways 101 and 92 are easily accessible, and SFO and Bart are less than 10 miles away. The property has new sewer laterals. The duplex is 100% leased. The lot size is 0.109 acres and the property size is 2137 square feet. The zoning is R20000. Another duplex at 1927 & 1929 Palm Ave is located across the paver driveway/courtyard and is also for sale by the same owner. These two duplexes can be sold in combination or separately via a driveway easement and maintenance agreement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -122.30912
    Latitude
    37.550194

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      San Mateo Duplex Investment Opportunity

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in desirable location with value-add potential.
    Where is this duplex located?
    The property is located at 1931 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: - Desirable rental submarket with value-add upside.; - Stable income and worry-free operation.; - Spacious 2 bedrooms, 1 bathroom in each unit, each with its own water heater.
    (408) 357-5700
    Request Owner's contact information
    1931 Palm Ave San Mateo, CA 94403
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    Realmo Value Estimation

    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.

    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.

    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
    1931 Palm Ave San Mateo, CA 94403
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