1931 Palm Ave

$1,688,000
Price
Beds
Baths
2,137 Sq. Ft.
$790 / Sq. Ft.
2,137
Sq. Ft.
$790
per Sq. Ft.

Description

1931-1933 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...1931-1933 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. 1927 & 1929 Palm Ave duplexes are just across the beautiful and functional 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. This duplex is 100% leased up. NEW Sewer Laterals!
  1. Listed by Stephen Guzzetti • DRE #01777838 • Brokerage DRE #01354442 • Intero Real Estate Services • 408-393-4647

Property Details for 1931 Palm Avenue

MLS City Name
SAN MATEO
Building Type
DUPLEX
Style
Bungalow
Garage Spaces
1
Parking Spaces
2
LISTING UPDATED: 12/15/2025 12:02 AM

Property Details for 1931 Palm Avenue

StatusActive
MLS #ML82020858
Days on Compass101
Taxes$23,568 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1955
Lot Size0.11 AC / 4,750 SF
CountySan Mateo County

Location

Listing Courtesy of Intero Real Estate Services, Stephen Guzzetti, DRE #01777838
Add your commute

Building Information for 1931 Palm Avenue

Stories1Residences2Year Built1955Building Size-Lot Size0.11 AC / 4,750 SF

Payment Calculator

$10,305 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,341

Property Taxes

$1,964

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1931 Palm Avenue

Features
Room Information
  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
Features
  • Energy Features: Double Pane Windows
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Laundry: Hookups Only
  • Living SqFt: 2137
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer Connected, Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Double Pane Windows
  • Area Text: Fiesta Gardens Etc.
  • Roof: Composition
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 1931
  • Street Name: Palm
  • Street Suffix: Avenue
  • Area ID: 420
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 2137
  • Structure SqFt Source: Assessor
  • Age: 70
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R20000
Location Information
  • Parcel Number: 035-231-140
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94403
  • Elementary School: 770
  • Elementary School District: 938
  • Middle School Text: Borel Middle
  • High School District Text: San Mateo Union High
  • High School Text: Aragon High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .11
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $23,568
  • Building Unit Total: 2
  • Capitalization Rate: 2.97
  • Tenant Expenses: Services - Sewer, Utilities - Heating, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,805
  • Expense Landscape: $1,788
  • Expense Maintenance: $867
  • Expense Management: $4,596
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $32,624
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 19.77
  • Income Annual Gross: $82,819
  • Income Annual Rental: $85,380
  • Income Gross Scheduled: $85,380
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,610
Unit 2 Information
  • Unit 2 Approx Square Footage: 1068
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,505
Unit Type 1
  • Unit Type1 Approx SqFt: 1068

Property History for 1931 Palm Avenue

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

EBRD #ML82020858

$1,688,000
Dec 1, 2025

Listed (Active)

MLSListings #ML82020858

$1,688,000
Nov 26, 2025

Temporarily Off Market

EBRD #ML82020858

Nov 26, 2025

Temporarily Off Market

MLSListings #ML82020858

$1,688,000
Nov 7, 2025

Price Change

EBRD #ML82020858

$1,688,000
Nov 7, 2025

Price Change

MLSListings #ML82020858

$1,688,000
Sep 9, 2025

Listed (Active)

MLSListings #ML82020858

$1,750,000
Sep 9, 2025

Listed (Active)

EBRD #ML82020858

$1,750,000
Apr 6, 2020

Withdrawn

EBRD #ML81775969

Apr 6, 2020

Withdrawn

MLSListings #ML81775969

$1,650,000
Jan 14, 2020

Price Change

EBRD #ML81775969

$1,650,000
Jan 14, 2020

Price Change

MLSListings #ML81775969

$1,650,000
Nov 20, 2019

Listed (Active)

MLSListings #ML81775969

$1,800,000
Nov 20, 2019

Listed (Active)

EBRD #ML81775969

$1,800,000
Sep 2, 2015

Sold

SDMLS #ML81467542

$1,075,000
Sep 2, 2015

Sold

MLSListings #ML81467542

$1,075,000
Sep 2, 2015

Sold

EBRD #ML81467542

$1,075,000
Jul 15, 2015

Sold (Public Record)

Public Record #555839764

$1,075,000
Jul 11, 2015

Pending

EBRD #ML81467542

Jul 11, 2015

Pending

MLSListings #ML81467542

May 29, 2015

Listed (Active)

EBRD #ML81467542

$1,125,000
May 29, 2015

Listed (Active)

SDMLS #ML81467542

$1,125,000
May 29, 2015

Listed (Active)

MLSListings #ML81467542

$1,125,000
DateEvent & SourcePrice
12/01/2025

Listed (Active)

EBRD #ML82020858

$1,688,000
12/01/2025

Listed (Active)

MLSListings #ML82020858

$1,688,000
11/26/2025

Temporarily Off Market

EBRD #ML82020858

11/26/2025

Temporarily Off Market

MLSListings #ML82020858

$1,688,000
11/07/2025

Price Change

EBRD #ML82020858

$1,688,000
11/07/2025

Price Change

MLSListings #ML82020858

$1,688,000
09/09/2025

Listed (Active)

MLSListings #ML82020858

$1,750,000
09/09/2025

Listed (Active)

EBRD #ML82020858

$1,750,000
04/06/2020

Withdrawn

EBRD #ML81775969

04/06/2020

Withdrawn

MLSListings #ML81775969

$1,650,000
01/14/2020

Price Change

EBRD #ML81775969

$1,650,000
01/14/2020

Price Change

MLSListings #ML81775969

$1,650,000
11/20/2019

Listed (Active)

MLSListings #ML81775969

$1,800,000
11/20/2019

Listed (Active)

EBRD #ML81775969

$1,800,000
09/02/2015

Sold

SDMLS #ML81467542

$1,075,000
09/02/2015

Sold

MLSListings #ML81467542

$1,075,000
09/02/2015

Sold

EBRD #ML81467542

$1,075,000
07/15/2015

Sold (Public Record)

Public Record #555839764

$1,075,000
07/11/2015

Pending

EBRD #ML81467542

07/11/2015

Pending

MLSListings #ML81467542

05/29/2015

Listed (Active)

EBRD #ML81467542

$1,125,000
05/29/2015

Listed (Active)

SDMLS #ML81467542

$1,125,000
05/29/2015

Listed (Active)

MLSListings #ML81467542

$1,125,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1931 Palm Avenue

Taxable ValueLand$636,287Additions$636,287Total$1,272,574
Tax Record2024$17,910 ($1,493 / month)
Home Facts
Baths2Total Finished SqFt2,137 SqFtAbove Grade Finished SqFt2,137 SqFtStories1Lot Size4,750 SqFtStyleDuplexYear Built1955ZoningR20000CountySAN MATEOAPN035-231-140

Schools near 1931 Palm Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Sunnybrae Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

Aragon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1931 Palm Avenue is a multi-family home for sale in San Mateo, CA 94403. This property was listed for sale on September 9, 2025 by Intero Real Estate Services, it's currently listed at $1,688,000. It has been on the market for a total of 101 days and was last sold on September 2, 2015. This listing's school districts are San Mateo-Foster City School District, San Mateo Union High School District. Nearby schools include Sunnybrae Elementary School, Borel Middle School and Aragon High School. 1931 Palm Avenue is a 0-bed, 0-bath, 2,137 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intero Real Estate Services, Stephen Guzzetti, DRE #01777838

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.