2830 Flores Street, San Mateo, CA 94403
Commercial property · 2 recorded sales since 2020
Sold January 2026
Listing Agent: Eric Katz (DRE #01900078) · Listing Office: Magnify Real Estate · Contact: (877) 776-7718 · Bought with: David Katz · Magnify Real Estate · MLS #ML82024663 · Source: CRMLS
How this sale compares
2830 Flores Street sold for $8,225,000 in January 2026, 7.5% under its $8,888,000 list price, after 47 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
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.
Listing description from the January 2026 sale, as reported to CRMLS.
Sale history
