CA > San Mateo
San Mateo, CA 94403,2830 Flores Street
San Mateo, CA 94403,2830 Flores Street
San Mateo, CA 94403,2830 Flores Street
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$8,888,000
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15,311 SqFt
Pending

2830 Flores Street San Mateo, CA 94403

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 15,311 sqft

Price per Sqft $580

MLS Listing ID ML82024663

HOA Y/N No

Year Built 1961

Lot Size 0.425 Acres

Property Sub-Type Other

Source Datashare MLSListings

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.

Location

State CA

County San Mateo

Interior

Heating Electric, Natural Gas, Wall Furnace

Cooling None

Fireplace No

Bay East Association of Realtors
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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