1927 Palm Ave San Mateo, CA 94403
Hillsdale NeighborhoodEstimated payment $10,382/month
Highlights
- 1 Car Attached Garage
- Bungalow
- 1-Story Property
- Borel Middle School Rated A-
- Tile Flooring
- 3-minute walk to Trinta Park
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,610
Year Built
- 1954
Lot Details
- 4,748 Sq Ft Lot
Parking
- 1 Car Attached Garage
Home Design
- Duplex
- Bungalow
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,137 Sq Ft Home
- 1-Story Property
- Washer and Dryer Hookup
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
- Sewer Within 50 Feet
Listing and Financial Details
Community Details
Overview
Building Details
- 2 Leased Units
- Gardener Expense $1,788
- Insurance Expense $1,814
- Maintenance Expense $3,092
- Manager Expense $4,564
- Operating Expense $34,526
- Gross Income $81,480
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,610 | $1,272,574 | $636,287 | $636,287 |
| 2023 | $17,610 | $1,223,160 | $611,580 | $611,580 |
| 2022 | $16,837 | $1,199,178 | $599,589 | $599,589 |
| 2021 | $16,908 | $1,175,666 | $587,833 | $587,833 |
| 2020 | $15,948 | $1,163,612 | $581,806 | $581,806 |
| 2019 | $15,404 | $1,140,798 | $570,399 | $570,399 |
| 2018 | $14,552 | $1,118,430 | $559,215 | $559,215 |
| 2017 | $14,018 | $1,096,500 | $548,250 | $548,250 |
| 2016 | $13,575 | $1,075,000 | $537,500 | $537,500 |
| 2015 | $4,645 | $260,078 | $78,013 | $182,065 |
| 2014 | $4,578 | $254,984 | $76,485 | $178,499 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | Price Changed | $1,688,000 | -3.5% | $790 / Sq Ft |
| 09/09/2025 09/09/25 | For Sale | $1,750,000 | -- | $819 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,075,000 | North American Title Co Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $645,000 | New Conventional |
Source: MLSListings
MLS Number: ML82020863
APN: 035-231-150
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