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1102-1104 Palm Ave, Redwood City, CA, 94061

4beds
5baths
1,860sqft
$1,888,000
$1,015price/sqft
$11,081/moest. monthly cost
$443,240/yrincome needed

About This Home

This home has a total of 1860 Permitted Sq Ft. Nestled on a generous corner lot, this property is a rare multi-unit or multi-generational opportunity offering flexibility, income potential, and brand-new construction quality throughout. Just completed this month with final permits in hand, the detached 660 sq ft ADU offers 2 bedrooms, 2 baths, and a full kitchen move-in ready for extended family, guests, or tenants. The attached junior ADU, a bright 240 sq ft studio with its own kitchen and bath, adds even more flexible living space. Both new units are finished with quartz countertops, brand-new cabinetry, luxury vinyl flooring, and dual-pane windows thoughtfully designed and built to last. The main house is an equally impressive 2 bedroom home, featuring beautifully refinished hardwood floors and a fully remodeled kitchen and two baths, blending timeless character with modern comfort. All three units enjoy their own private outdoor space, making this a true compound for multi-generational living, rental income, or simply room to spread out. All just a stone's throw from town for shopping, dining, and entertainment a rare blend of privacy, income potential, and everyday convenience.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
67
BikeBikeable

Schools

4/10
7/10
8/10
Woodside High SchoolGrades 9-121.5 mi

Construction

Condition

  • New construction: Yes
  • Year built: 1949

Materials

  • Foundation: Other,Concrete Perimeter and Slab
  • Roof: Composition, Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Refrigerator,Washer/Dryer

Bathroom

  • Features: PrimaryStallShowers, ShowerandTub, UpdatedBaths

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 5

Dining Room

  • Features: DiningAreainLivingRoom, NoFormalDiningRoom

Family Room

  • Features: NoFamilyRoom

Features

  • Flooring: Hardwood,Vinyl Linoleum
  • Number of fireplaces: 1
  • Fireplace features: Living Room

Heating & Cooling

  • Heating features: Central Forced Air,Wall Furnace
  • Cooling features: Central Air,Wall/Window Unit(s)

Interior Area

  • Total structure area: 1,860
  • Total interior livable area: 1,860 sqft

Kitchen

  • Features: _220VoltOutlet

Property

Details

  • Parcel number: 059043070
  • Zoning: R20000
  • Special condition: Standard

Lot

  • Lot size: 5,932 sqft

Parking

  • Total spaces: 2
  • Parking features: Common,Guest,Tandem

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding

FEMA Declared Disasters in San Mateo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,546$114,552
Home Insurance *$146$1,752
Property Taxes $991$11,892
Electricity $398$4,786
Total$11,081$132,972
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$379,920/yr
40% on housing$332,430/yr
45% on housing$295,493/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,015This listing

vs Other Active Listings

Avg $/sqft

ZIP 94061$816
San Mateo County$914

vs Homes Sold Last Month

Median $/sqft

ZIP 94061$1,225
San Mateo County$1,106

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-23Listed for sale$1,888,000

New Construction

AgentMark Palermo
BrokerageCompass

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