CA
San Mateo
SAN MATEO
94403
2830 Flores Street
2830 Flores Street, SAN MATEO, CA 94403
Share Listing
Listing Type
Multi Family
Listing Status
active
12
$8,888,000

Home Details for 2830 Flores Street

Price
$8,888,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
15311
Year built
1961
Lot size acres
0.4247
County
San Mateo
Garage
Days on site
0
MLS Listing#
ML82024663
Listed By: Magnify Real Estate - 877-776-7718
Listed By: Eric Katz
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.

Property Features
  • Heating Information
    • Electric
    • Natural Gas
    • Wall Furnace
  • Parking
    • Carport
    • Other
  • Cooling Information
    • None
  • Water Features
    • Public
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Based on information from the MLSListings MLS. 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. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-11-05 18:32:58
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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