CA > San Mateo
San Mateo, CA 94403,2830 Flores ST
San Mateo, CA 94403,2830 Flores ST
San Mateo, CA 94403,2830 Flores ST
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Listed by Eric Katz • Magnify Real Estate
$8,888,000
Est. payment /mo
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3 Beds
2 Baths
15,311 SqFt
New

2830 Flores ST San Mateo, CA 94403

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Brielle Bariteau

Brielle Bariteau

+1(831) 643-5965

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 15,311 sqft

Price per Sqft $580

MLS Listing ID ML82024663

Bedrooms 3

Full Baths 2

Year Built 1961

Lot Size 0.425 Acres

Property Sub-Type Five or More Units

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 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.

Location

State CA

County San Mateo

Area Park Western Subdivision/Hillsdale

Zoning R4

Interior

Heating Electric, Gas, Wall Furnace

Cooling None

Exterior

Parking Features Carport , Other

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 039-385-020

Security Features None

Special Listing Condition Not Applicable

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Brielle Bariteau

Brielle Bariteau

Owner CEO | REALTOR | Certified Property Manager | Certified Transaction Coordinator | License ID: 02049882

+1(831) 643-5965

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