Waterfront living and investment opportunity in San Mateo! This rare duplex sits along the peaceful Lago Street lagoon and offers two well-designed units: one featuring 3 bedrooms and 1.5 bathrooms, and the other offering 2 bedrooms and 1 bathroom. Both enjoy beautiful water views, creating a serene backdrop that makes this property truly special. Whether youre an investor seeking strong rental potential or a buyer looking to live in one unit while generating income from the other, this duplex provides excellent flexibility. The location is unbeatableenjoy nearby parks, top schools, shopping, dining, and easy access to major freeways for commuting. With its combination of lifestyle appeal and investment value, this property is a unique opportunity you wont want to miss.
Sold for $1,650,000 on 10/03/25
$1,650,000
1567 Lago St, San Mateo, CA 94403
--beds
--baths
1,900sqft
Duplex, Residential Income
Built in 1959
-- sqft lot
$1,718,000 Zestimate®
$868/sqft
$4,613 Estimated rent
Home value
$1,718,000
$1.63M - $1.80M
$4,613/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 03, 2025 at 05:47am
Listed by:
Eric Chang 01944586 408-512-4366,
Crossbay Group Inc 408-512-4366
Bought with:
Emily Lin, 02178673
Crossbay Group Inc
Source: MLSListings Inc,MLS#: ML82019034
Facts & features
Interior
Kitchen
- Features: Countertop_Granite
Heating
- Central Forced Air Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Range Hood, Electric Oven/Range, Refrigerator, Washer/Dryer
Features
- Flooring: Laminate, Tile
- Doors: None
Interior area
- Total structure area: 1,900
- Total interior livable area: 1,900 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Carport, Parking Area
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 1
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 8,526 sqft
Details
- Parcel number: 040391120
- Zoning: R20000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Residential Income
Materials
- Foundation: Slab
- Roof: Metal, Shingle
Condition
- Year built: 1959
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: San Mateo
Other
Other facts
- Listing agreement: ExclusiveAgency
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $1,650,000+127.6%$868/sqft |
Source:  MLSListings Inc #ML82019034 | ||
| 6/19/2012 | Sold | $725,000$382/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,597 +3.5% | $892,776 +2% |
| 2023 | $13,139 +2.2% | $875,272 +2% |
| 2022 | $12,862 +4.9% | $858,110 +2% |
Find assessor info on the county website
Neighborhood: Los Prados
Nearby schools
GreatSchools rating
- 6/10Bayside AcademyGrades: K-8Distance: 1.6 mi
- 9/10Hillsdale High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- High: HillsdaleHigh
- District: SanMateoFosterCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,718,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,718,000