2830 Flores Street, San Mateo, CA 94403 – ML82024663

Listed by Eric Katz • Magnify Real Estate
Bought with David Katz • Magnify Real Estate

$8,225,000

$8,888,000

7.5%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment -/mo

15,311 SqFt

SOLD DATE : 01/22/2026

Key Details

Sold Price $8,225,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 15,311 sqft

Price per Sqft $537

MLS Listing ID ML82024663

Year Built 1961

Lot Size 0.425 Acres

Property Sub-Type Other

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

John Fondnazio

john@teamfondnazio.com +1(925) 817-9053

Our team is ready to help you sell your home for the highest possible price ASAP

© 2026 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.

NEARBY SCHOOLS & BUSINESSES

SCHOOLS

Elementary Schools 20

10

Cipriani Elementary School

Public | KG - 5
10

Foster City Elementary

Public | KG - 5
9

Arundel Elementary

Public | PK - 4
9

San Carlos Charter Learning Center

Public | KG - 8
9

Tierra Linda Middle School

Public | 5 - 8
9

Fox Elementary School

Public | KG - 5
9

Central Elementary School

Public | KG - 5
9

Brewer Island Elementary School

Public | KG - 5
9

South Hillsborough School

Public | KG - 5
9

College Park Elementary School

Public | KG - 5
8

Baywood Elementary School

Public | KG - 5
8

Washington Elementary

Public | KG - 5
7

Highlands Elementary School

Public | KG - 5
7

Nesbit Elementary School

Public | KG - 8
7

Bresford Elementary

Public | KG - 5
7

North Shoreview Montessori Elementary School

Public | KG - 8
6

George Hall Elementary School

Public | KG - 5
5

Meadow Heights Elementary School

Public | KG - 5
5

Parkside Elementary School

Public | KG - 5
4

Laurel Elementary School

Public | KG - 5

Middle Schools 9

10

Central Middle School

Public | 6 - 8
10

Ralston Middle School

Public | 6 - 8
6

Borel Middle School

Public | 6 - 8
6

Bayside STEM (Science, Technology, Engineering, and Math) Academy

Public | 6 - 8
5

Abbott Middle School

Public | 6 - 8
0

Gateway Center

Public | 7 - 12
0

Odyssey School

Private | 6 - 8
0

Fusion Academy San Mateo

Private | 6 - 12
0

Crystal Springs Uplands School

Private | 6 - 12