USACASan Mateo2830 Flores St
2830 Flores St | Image 1

Sold

2830 Flores St | Image 2
2830 Flores St | Image 3
2830 Flores St | Image 4
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2830 Flores St | Image 7

$8,888,000

4 months ago

2830 Flores St, San Mateo, CA

0 Bed

0 Bath

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MLS® ML82024663

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $120,866
Approx. Age 1961
MLS® Number ML82024663

Property Address: 2830 Flores St, San Mateo, CA, 94403-2761

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberML82024663
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1961
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Jan 17, 2026End Date
$8,225,000Sold Price

Sold

Oct 13, 2025List Date
$8,888,000List Price
  • Commute

Commute

Starting Address
Destination Address
2830 Flores St, San Mateo, CA

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