Seller's Agent in 2026
Steve Guzzetti
Intero Real Estate Services
(408) 393-4647
2 in this area
16 Total Sales
1927 Palm Ave San Mateo, CA 94403
Hillsdale Neighborhood
4
Beds
2
Baths
2,137
Sq Ft
4,748
Sq Ft Lot Lot
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
As of April 20261927-1929 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! Please DO NOT go onto the property! Thank you.
Last Agent to Sell the Property
Intero Real Estate Services License #01777838 Listed on: 02/06/2026
Last Buyer's Agent
Intero Real Estate Services License #01777838 Listed on: 02/06/2026
Property Details
Home Type
- Multi-Family
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
- Total Actual Rent $40,200
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 $38,994
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2026
Closed on
Apr 13, 2026
Sold by
Fernald Stewart and Fernal Mary P
Bought by
Cardinale Ryan
Seller's Agent
Steve Guzzetti
Intero Real Estate Services
Buyer's Agent
Steve Guzzetti
Intero Real Estate Services
List Price
$1,688,000
Sold Price
$1,600,000
Premium/Discount to List
-$88,000
-5.21%
Views
55
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
129.90%
Original Mortgage
$1,200,000
Outstanding Balance
$1,200,000
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$481,948
Purchase Details
Closed on
Jul 17, 2015
Sold by
Suruki Ryoji and Suruki Nobuko
Bought by
Fernald Stewart T and Fernald Mary P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.97%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,600,000 | Orange Coast Title Company | |
| Grant Deed | $1,075,000 | North American Title Co Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | New Conventional | |
| Previous Owner | $645,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | Sold | $1,600,000 | -5.2% | $749 / Sq Ft |
| 02/06/2026 02/06/26 | Pending | -- | -- | -- |
| 02/06/2026 02/06/26 | For Sale | $1,688,000 | -- | $790 / Sq Ft |
Source: MLSListings
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 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Guzzetti
Map
Source: MLSListings
MLS Number: ML82034012
APN: 035-231-150
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