2830 Flores Street, SAN MATEO, CA 94403

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2830 Flores Street, SAN MATEO, CA 94403

(Closed)

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Listed by: Eric Katz - Magnify Real Estate

Closed

est.$8,225,000/month.

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beds. baths. 15,311 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

2830 Flores Street, SAN MATEO, CA 94403

$8,225,000

Closed

est.$8,225,000/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
Buyer Office: DYNA8
Buyer Agent: David Katz
Co-Buyer Office: DYNA8
Co-Buyer Agent: Eric Katz

Property Description

MLS Information

Listing: ML82024663
Listing Last Modified: 2026-01-24

Property Details

Standard Status: Closed
MLS Status: Sold
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

Rossetti Realty Inc.

2830 Flores Street, SAN MATEO, CA 94403