San Mateo, CA 94403,2830 Flores Street
Listed by Eric Katz • Magnify Real Estate
Bought with David Katz • Magnify Real Estate

$8,225,000

$8,888,000

7.5%
Est.Price: ?

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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

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Bay East Association of Realtors

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

High Schools 10
  • 10

    Aragon High School

    Public | 9 - 12

  • 9

    Carlmont High School

    Public | 9 - 12

  • 9

    Burlingame High School

    Public | 9 - 12

  • 8

    Hillsdale High School

    Public | 9 - 12

  • 7

    San Mateo High School

    Public | 9 - 12

  • 0

    Margaret J. Kemp

    Public | 9 - 12

  • 0

    Notre Dame High School

    Private | 9 - 12

  • 0

    San Mateo County Regional Occupational Program

    Public | 11 - 12

  • 0

    Junipero Serra High School

    Private | 9 - 12

  • 0

    Compass High School

    Private | 9 - 12

School and business data provided by Attom Data.
John Fondnazio

+1(925) 817-9053

john@teamfondnazio.com

1212 Broadway Plz, Walnut Creek, CA, 94596-5129, USA

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