2830 Flores, San Mateo CA 94403 | $8,888,000
Listing provided courtesy of Eric Katz of Magnify Real Estate. Last updated 2025-10-14 08:44:06.000000. Listing information © 2025 SANDICOR.
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 unitsideal 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.
More Details
Parking Spots: 0.00
Carport Spaces: 16.00
Heating: Electric
Heating: Wall Furnace
David Piper
Call or Text: 858-525-5007
DRE# 02021985
