Sold

2830 Flores Street, San Mateo, CA 94403

Sqft
15,311
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byMagnify Real Estate
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
15,311
Lot size (acres)
0.42
Year built
1961

Exterior features

Pool
Yes

Utilities

Heating
Electric, Natural gas, Wall furnace
Cooling
None
Sewer
Public sewer
Water
Public

Estimated monthly costs

Insurance
$9,165

Taxes

Tax Annual Amount
$120,866

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MLSListings (California) MLS®#: ML82024663 Last checked:

Based on information from the MLSListings MLS. Real estate listings held by brokerage firms other than Magnify Real Estate are marked with the Broker Listing Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed. Copyright © 2026 MLSListings, Inc. All Rights Reserved.