1931 Palm Avenue, San Mateo, California 94403, San Mateo, - bed, bath
About this home
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.
Price History
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,137 | 2,869 | 50% |
| Lot Size | 4,750 | 5,525 | 50% |
| Price | $1.75M | $2.09M | 50% |
| Price per square foot | $819 | $748 | 50% |
| Built year | 1955 | 9775983 | 50% |
| HOA | |||
| Days on market | 56 | 118 | 50% |