Property Details
About this Property
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 unitsideal 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 Listing Information
MLS #
ML82024663
MLS Source
MLSListings, Inc.
Days on Site
22
Interior Features
Cooling
None
Heating
Electric, Gas, Wall Furnace
Exterior Features
Roof
Composition, Shingle
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Carport, Other, Garage: 0 Car(s)
Elementary District
San Mateo-Foster City Elementary
High School District
San Mateo Union High
Sewer
Public Sewer
Water
Public
Zoning
R4
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 16 | 17 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | $2,050 | $2,300 | 2 |
| 2 | – | 1 | 1/0 | $2,394 | $3,000 | 8 |
| 3 | – | 2 | 1/0 | $3,116 | $3,500 | 7 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2830 Flores St is a Residential Income in San Mateo, CA 94403. This 15,311 square foot property sits on a 0.424 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $8,888,000 and was built in 1961. This address can also be written as 2830 Flores St, San Mateo, CA 94403.
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This listing information is up-to-date as of October 13, 2025. For the most current information, please contact Eric Katz, (408) 317-0187
