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.
- 3
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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
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: …

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