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2830 Flores Street, SAN MATEO, CA 94403

$8,888,000 (Active Under Contract)
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Listed by: Eric Katz - Magnify Real Estate

2830 Flores Street, SAN MATEO, CA 94403

$$8,888,000
Active Under Contract
est.$8,888,000/month.
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beds. baths. 15,311 Sqft.

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2830 Flores Street, SAN MATEO, CA 94403

$8,888,000
Active Under Contract
est.$8,888,000/month.
Start My Approval
beds baths 15,311 Sq.ft.
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Property details for 2830 Flores Street, SAN MATEO, CA 94403
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.
Broker details: Magnify Real Estate

Listed by: Eric Katz
Co-listing Broker: Magnify Real Estate
Co-listing Agent: David Katz
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Property Description

MLS Information

  • Listing: ML82024663
  • Listing Last Modified: 2025-12-03

Property Details

  • Standard Status: Active Under Contract
  • Built in: 1961

Geographic Data

  • County: San Mateo
Features

Interior Features

  • Living area: 15311

Exterior Features

  • Roof type: Composition, Shingle
  • Pool: None
  • Foundation: Slab

Parking

    Utilities

    • Sewer: Public Sewer
    • Water: Public
    • Heating: Electric, Natural Gas, Wall Furnace
    Property Information

    Tax Information

    • Tax Annual Amount: $120,866

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