2830 Flores St

$8,888,000
Price
Beds
Baths
15,311 Sq. Ft.
$580 / Sq. Ft.
15,311
Sq. Ft.
$580
per Sq. Ft.

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,...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.

Property Details for 2830 Flores Street

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 12/02/2025 06:56 PM

Property Details for 2830 Flores Street

StatusContingent
MLS #ML82024663
Days on Compass61
Taxes$120,866 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.42 AC / 18,499 SF
CountySan Mateo County

Location

Listing Courtesy of Magnify Real Estate, Eric Katz, DRE #01900078; Magnify Real Estate, David Katz, DRE #01971921
Add your commute

Building Information for 2830 Flores Street

Stories-Residences-Year Built1961Building Size-Lot Size0.42 AC / 18,499 SF

Payment Calculator

$53,991 per month

30 year fixed, 6.28% Interest

Principal and Interest

$43,919

Property Taxes

$10,072

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2830 Flores Street

Features
Features
  • Fireplace: No
  • Living SqFt: 15311
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Electric, Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 16
Garage
  • Garage and Parking: Carport, Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 17
  • Area Text: Park Western Subdivision/Hillsdale
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2830
  • Street Name: Flores
  • Street Suffix: Street
  • Area ID: 426
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 15311
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: R4
Location Information
  • Parcel Number: 039-385-020
  • 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: .42
  • 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: 16
General Information
  • Annual Tax Amount: $120,866
  • Capitalization Rate: 3.84
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Parking, Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $9,165
  • Expense Landscape: $0
  • Expense Maintenance: $12,750
  • Expense Management: $28,502
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $24,054
  • Expenses Total: $195,337
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Utilities
  • Gross Rent Multiplier: 16.06
  • Income Annual Gross: $536,979
  • Income Annual Rental: $528,348
  • Income Gross Scheduled: $553,587
  • Income Other: $25,239
Unit 1 Information
  • Unit 1 Rent: $2,050
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,394
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,116

Property History for 2830 Flores Street

DateEvent & SourcePriceAppreciation
Nov 29, 2025

Pending

EBRD #ML82024663

Nov 29, 2025

Contingent - Show

MLSListings #ML82024663

Oct 13, 2025

Listed (Active)

EBRD #ML82024663

$8,888,000
Oct 13, 2025

Listed (Active)

MLSListings #ML82024663

$8,888,000
May 1, 2021

Expired

EBRD #ML81824850

Apr 30, 2021

Expired

MLSListings #ML81824850

$8,588,000
Jan 7, 2021

Temporarily Off Market

EBRD #ML81824850

Jan 7, 2021

Listed (Active)

EBRD #ML81824850

$8,588,000
Jan 6, 2021

Listed (Active)

MLSListings #ML81824850

$8,588,000
Jan 31, 2020

Sold

MLSListings #ML81759490

$7,020,000
Jan 31, 2020

Sold

EBRD #ML81759490

$7,020,000
Oct 3, 2019

Pending

MLSListings #ML81759490

Oct 3, 2019

Pending

EBRD #ML81759490

Sep 16, 2019

Price Change

MLSListings #ML81759490

$7,650,000
Jul 8, 2019

Listed (Active)

EBRD #ML81759490

$8,250,000
Jul 8, 2019

Listed (Active)

MLSListings #ML81759490

$8,250,000
DateEvent & SourcePrice
11/29/2025

Pending

EBRD #ML82024663

11/29/2025

Contingent - Show

MLSListings #ML82024663

10/13/2025

Listed (Active)

EBRD #ML82024663

$8,888,000
10/13/2025

Listed (Active)

MLSListings #ML82024663

$8,888,000
05/01/2021

Expired

EBRD #ML81824850

04/30/2021

Expired

MLSListings #ML81824850

$8,588,000
01/07/2021

Temporarily Off Market

EBRD #ML81824850

01/07/2021

Listed (Active)

EBRD #ML81824850

$8,588,000
01/06/2021

Listed (Active)

MLSListings #ML81824850

$8,588,000
01/31/2020

Sold

MLSListings #ML81759490

$7,020,000
01/31/2020

Sold

EBRD #ML81759490

$7,020,000
10/03/2019

Pending

MLSListings #ML81759490

10/03/2019

Pending

EBRD #ML81759490

09/16/2019

Price Change

MLSListings #ML81759490

$7,650,000
07/08/2019

Listed (Active)

EBRD #ML81759490

$8,250,000
07/08/2019

Listed (Active)

MLSListings #ML81759490

$8,250,000

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

Public Records for 2830 Flores Street

Taxable ValueLand$5,380,736Additions$2,296,655Total$7,677,391
Tax Record2024$105,535 ($8,795 / month)
Home Facts
Baths2Total Finished SqFt15,311 SqFtAbove Grade Finished SqFt15,311 SqFtStories2Lot Size18,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountySAN MATEOAPN039-385-020

Schools near 2830 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.

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Listing Courtesy of Magnify Real Estate, Eric Katz, DRE #01900078; Magnify Real Estate, David Katz, DRE #01971921

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.