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

1927 Palm Avenue, San Mateo, California 94403 home-pic-0

1927 Palm Avenue

San Mateo, California 94403

ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
2,137Sq Ft
4,750Lot Size

Property Price

LIST PRICE$1,688,000

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

Fair
TeardownExcellent

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 However, the interior finishes, especially in both kitchens and bathrooms, are significantly outdated.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its 'value-add upside' as stated in the description, aligning with the 'Fair' category's need for updates to address outdated components.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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,1372,495
25%
Lot Size4,7505,562
25%
Price$1.69M$1.72M
50%
Price per sq ft$790$657
75%
Built year19541953
50%
HOA$0$0
50%
Days on market29133
25%

Pricing History

Listed for Sale

Feb 6, 2026

$1,688,000

Initial Listing

Sold

Sep 2, 2015

$1,075,000

Public Record

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