2830 Flores ST, San Mateo, CA 94403
- $8,225,000
- 15,311
- SqFt
Listed by Eric Katz, 408-317-0187 from Magnify Real Estate
(If provided) CoList: David Katz from Magnify Real Estate
Sold listing courtesy of David Katz from DYNA8
- Sold Price
- $8,225,000
- List Price
- $8,888,000
- Closing Date
- Jan 22, 2026
- MLS#
- ML82024663
- Status
- SOLD
- Sqft. of Residence
- 15,311
- Lot Size
- 18,499
- Listing Area
- Park Western Subdivision/Hillsdale
- Year Built
- 1961
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.
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Additional Information
- Acres
- 0.42
- Age
- 64
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Concrete Slab
- Garage Parking
- Carport, Other
- Heating System
- Electric, Gas, Wall Furnace
- Living Area
- 15,311
- Lot Size
- 18,499
- Neighborhood
- Park Western Subdivision/Hillsdale
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R4
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