1927 Palm Avenue, San Mateo, California 94403, San Mateo, 94403 - bed, bath

1927 Palm Avenue
San Mateo, California 94403
Property Price
SUMMARY
Analysis of 1927 Palm Avenue, San Mateo, California 94403 is currently available with a list price of $1,688,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Mateo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1954, this duplex is aged but appears well-maintained with some functional updates like dual-pane windows and new sewer laterals. However, the interior finishes, especially in both kitchens and bathrooms, are significantly outdated. Kitchens feature older cabinets, dated tile or laminate countertops, and older white appliances. Bathrooms have basic vanities/pedestal sinks and older tile. While functional and livable, the property clearly requires substantial cosmetic upgrades and modernization to realize its 'value-add upside' as stated in the description, aligning with the 'Fair' category's need for updates to address outdated components.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location & Connectivity
Located in a highly sought-after San Mateo rental submarket, offering proximity to Central Park, vibrant downtown dining/shopping, and excellent transportation access via CalTrain, Highways 101/92, SFO, and BART.
- Significant Value-Add Potential
Presents an outstanding investment opportunity with clear upside through unit upgrades and rental repositioning to maximize income and property value.
- Stable Income & Tenant Base
Features well-maintained units with superior tenant profiles, ensuring stable income and worry-free operation for investors.
CONSRISKS & DEFICIENCIES
- Age of Property & Required Unit Upgrades
Built in 1954, the property, while well-maintained, implies that significant interior modernization and unit upgrades will be necessary to fully realize its value-add potential.
- Restricted Property Access
The instruction 'Please DO NOT go onto the property!' limits direct inspection and thorough due diligence for potential buyers prior to an accepted offer.
- Potential for Additional Capital Expenditure
The emphasis on 'value-add upside' suggests that substantial capital investment will be required post-acquisition for unit renovations and repositioning to achieve higher rental income.
About 1927 Palm Avenue
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! Please DO NOT go onto the property! Thank you.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1954
- Lot Size
- 4,750 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,137 | 2,495 | 25% |
| Lot Size | 4,750 | 5,562 | 25% |
| Price | $1.69M | $1.72M | 50% |
| Price per sq ft | $790 | $657 | 75% |
| Built year | 1954 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 133 | 25% |
Pricing History
Listed for Sale
Feb 6, 2026
$1,688,000
Initial Listing
Sold
Sep 2, 2015
$1,075,000
Public Record


















