2660 Flores Street

San Mateo, CA 94403

$5,500,000
Price
Beds
10,948 Sq. Ft.
$502 / Sq. Ft.
10,948
Sq. Ft.
$502
per Sq. Ft.

Description

The Rubio Group of Marcus & Millichap is pleased to present 2660 Flores Street in San Mateo, CA 94403. 2660 Flores Street is a prime ten-unit, mid-Peninsula multifamily investment opportunity in San Mateo, CA. The asset was constructed in 1961 and features an array of overly sized one, two and three bed units across a 10,948 square foot building foot print. Each of the units have been well maintained and have been upgraded with hardwood flooring, granite counter tops, stainless steel appliances and...The Rubio Group of Marcus & Millichap is pleased to present 2660 Flores Street in San Mateo, CA 94403. 2660 Flores Street is a prime ten-unit, mid-Peninsula multifamily investment opportunity in San Mateo, CA. The asset was constructed in 1961 and features an array of overly sized one, two and three bed units across a 10,948 square foot building foot print. Each of the units have been well maintained and have been upgraded with hardwood flooring, granite counter tops, stainless steel appliances and upgraded bathrooms and fixtures. All units come with their own reserved tuck under parking as well as access to onsite laundry.
  1. Listed by Fred Rubio • DRE #01984041 • Brokerage DRE #01240999 • Marcus & Millichap • 408-314-3009
  2. Listed by Cassandra Smillie Wyckoff • DRE #02208464 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2660 Flores Street

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Fred Rubio, DRE #01984041; Marcus & Millichap, Cassandra Smillie Wyckoff, DRE #02208464
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LISTING UPDATED: 05/13/2024 03:26 PM

Property Details for 2660 Flores Street

StatusActive
MLS #ML81965452
Days on Compass19
Taxes$62,084 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.24 AC / 10,672 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Fred Rubio, DRE #01984041; Marcus & Millichap, Cassandra Smillie Wyckoff, DRE #02208464
Add your commute

Building Information for 2660 Flores Street

Stories-Residences-Year Built1961Building Size-Lot Size0.24 AC / 10,672 SF

Payment Calculator

$35,189 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$5,174

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2660 Flores Street

Features
Features
  • Fireplace: No
  • Flooring: Laminate
  • Living SqFt: 10948
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan, Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 12
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Beresford Manor Etc.
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2660
  • Street Name: Flores
  • Street Suffix: Street
  • Area ID: 427
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 10948
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 039-372-430
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94403
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .24
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 10
General Information
  • Annual Tax Amount: $62,084
  • Capitalization Rate: 3.76
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,000
  • Expense Landscape: $1,200
  • Expense Maintenance: $5,000
  • Expense Management: $0
  • Expense Trash: $5,741
  • Expenses Other: $11,736
  • Expenses Utility: $10,873
  • Expenses Total: $104,634
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance, Maintenance - Laundry, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 17.14
  • Income Annual Gross: $311,192
  • Income Annual Rental: $320,316
  • Income Gross Scheduled: $320,816
  • Income Other: $500
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,295
Unit 2 Information
  • Unit 2 Approx Square Footage: 1002
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,800
Unit 3 Information
  • Unit 3 Approx Square Footage: 1395
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $3,500
Unit Type 1
  • Unit Type1 Approx SqFt: 707

Property History for 2660 Flores Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2660 Flores Street

Taxable ValueLand$3,329,280Additions$2,080,800Total$5,410,080
Tax Record2023$72,805 ($6,067 / month)
Home Facts
Baths2.5Total Finished SqFt10,948 SqFtAbove Grade Finished SqFt10,948 SqFtStories2Lot Size10,672 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountySAN MATEOAPN039-372-430

Schools near 2660 Flores Street

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Beresford Elementary School
PublicK to 5

Abbott Middle School
Public6 to 8

Hillsdale High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2660 Flores Street is a multi-family home for sale in San Mateo, CA 94403. This property was listed for sale on May 13, 2024 by Marcus & Millichap, it's currently listed at $5,500,000. It has been on the market for a total of 19 days and was last sold on May 11, 2021. This listing's school districts are San Mateo Union High School District, San Mateo-Foster City School District. Nearby schools include Beresford Elementary School, Abbott Middle School and Hillsdale High School. 2660 Flores Street is a 0-bed, 0-bath, 10,948 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Fred Rubio, DRE #01984041; Marcus & Millichap, Cassandra Smillie Wyckoff, DRE #02208464

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.