2830 Flores Street San Mateo, CA $ 8,888,000
2830 Flores Street
$ 8,888,000
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2830 Flores Street

San Mateo, CA, 94403
$ 8,888,000
Bedrooms-- Baths-- Sq 15,311

Monthly Estimate*

$ 55,450

Listed by Magnify Real Estate
2830 Flores Street, San Mateo, CA 94403 - Image 1
2830 Flores Street, San Mateo, CA 94403 - Image 2
2830 Flores Street, San Mateo, CA 94403 - Image 3
2830 Flores Street, San Mateo, CA 94403 - Image 4
2830 Flores Street, San Mateo, CA 94403 - Image 5
2830 Flores Street, San Mateo, CA 94403 - Image 6
2830 Flores Street, San Mateo, CA 94403 - Image 7
2830 Flores Street, San Mateo, CA 94403 - Image 8
2830 Flores Street, San Mateo, CA 94403 - Image 9
2830 Flores Street, San Mateo, CA 94403 - Image 10
2830 Flores Street, San Mateo, CA 94403 - Image 11
2830 Flores Street, San Mateo, CA 94403 - Image 12
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Commercial Property for sale in San Mateo, CA

for $8,888,000. This 15,311 square foot building was built in 1961 on a lot size of 0.4247.

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.

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Commercial Contingent

Price

$ 8,888,000

Property Type

Commercial

Taxes

$ 120,866

Style

Lot Size

0.4247

Year Built

1961

Town/City

San Mateo

County/Region

San Mateo

MLS | Web ID

ML82024663

Days on Market

63

Features
General
Heating Electric Wall Furnace
Cooling None
Roof Composition Shingle
Zoning R4
HOA Fee 0
Year Built 1961
County San Mateo
Insurance Expense 9165
Property Type Commercial Sale
MaintenanceExpense 12750
Special Listing Conditions Standard
Status Active Under Contract
City San Mateo
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 18499
Carport Spaces 16
Carport Y/N true
Tax Annual Amount 120866
Trash Expense 0
Standard Status Active Under Contract
Occupancy Type Tenant
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 18499
Number of Buildings 1
Building Area Total 15311
Lot Size Acres 0.4247
Lot Size Source Assessor
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* Excluded Features
List By
Magnify Real Estate

Broker

eric@magnifyequity.com

Email

Affordability Calculator

$65,522
Per Month
85%
15%
0%
Monthly Principal & Interest
$55,450
Monthly Property Taxes
$10,072
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$8,888,000 Listed Price

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2830 Flores Street, San Mateo, CA, 94403 is a Commercial Property for sale at $8,888,000 with 15,311 sqft and a lot size of 0.4247. 2830 Flores Street was built in 1961. The property's zip code is 94403 which is in San Mateo, CA