2830 Flores Street, San Mateo, CA 94403
- $8,225,000
- Sold Price
- $8,225,000
- List Price
- $8,888,000
- Closing Date
- Jan 22, 2026
- Status
- CLOSED
- MLS#
- ML82024663
- Year Built
- 1961
- Lot Size
- 18,499
- Acres
- 0.42
- Days on Market
- 46
- Property Type
- Commercial
Property Description
Magnify is pleased to present the opportunity to acquire 2830 Flores St, a fully stabilized, turnkey 17-unit apartment building in the thriving city of San Mateo. Located just steps from the Hillsdale Shopping Center and Caltrain Station, this well-maintained asset offers a compelling mix of large, spacious units ideal for attracting long-term tenants in a high-demand rental market. Constructed in 1961 and fully renovated in 2020-2021, the property consists of (7) two-bedroom/one-bathroom units, (8) one-bedroom/one-bath units, and (2) studios on a 18,499 square foot lot. The property has undergone significant capital improvements, with 15 of 17 units renovated to modern standards. With 8.8% immediate upside in rents and 21% total upside in rents, investors can benefit from strong in-place income and future growth potential. This is a low-vacancy, high-performing asset in one of the Bay Areas most resilient and supply-constrained submarkets.
Additional Information
- Taxes
- $120,866
- Heat
- Electric, Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition, Shingle
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $553,587
Listing courtesy of Listing Agent: Eric Katz (eric@magnifyequity.com) from Listing Office: Magnify Real Estate.
Listing sold by David Katz from Magnify Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.