Flores

San Mateo, CA, 94403
Active Under Contract $8,888,000
  • 15,311sqft
  • 18,499sf lot
Listing agents:
Eric Katz
Magnify Real Estate
David Katz
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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Flores is a Residential Income Five Or More Units property located in San Mateo, California, featuring a 18,499 sqft lot, 15,311 sqft, MLS #ML82024663.
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Data last modified: 2025-12-03 02:56:55