Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Flores St San Mateo, CA 94403

    For Sale
    $8,888,000

    Turnkey 17-unit apartment building near Hillsdale Shopping Center.

    Lot size:
    0.42 Acres

    Property Features for Flores St

    General Information

    Lot size
    0.42 Acres

    Building Details

    Year built
    1961

    Source: Magnify Real Estate Agent Eric Katz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Mateo Multifamily Investment Opportunity

    This is an opportunity to acquire a fully stabilized, turnkey 17-unit apartment building in San Mateo. Located steps from the Hillsdale Shopping Center and Caltrain Station, this well-maintained asset offers a mix of spacious units. Constructed in 1961 and fully renovated in 2020-2021, the property consists of seven two-bedroom/one-bathroom units, eight one-bedroom/one-bath units, and two studios on an 18,499 square foot lot. Fifteen of the seventeen units have been renovated to modern standards. Investors can benefit from income and future growth potential. This is a low-vacancy, high-performing asset.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.3090457
    Latitude
    37.5458519

    Nearby Similar for Sale

    • $1,598,000
      2,490 SF

      San Mateo Triplex Investment Opportunity

      Well-maintained triplex in prime location near downtown San Mateo.
      119 E Poplar Ave, San Mateo, CA 94401
      View Details
    • New
      $1,495,000
      2,470 SF

      San Mateo Duplex Investment Opportunity

      Spacious duplex on a corner lot in a prime location.
      100 W 38Th Ave, San Mateo, CA 94403
      View Details
    • New
      $1,688,000
      2,137 SF

      San Mateo Duplex Investment Opportunity

      Well-maintained duplex in desirable location with value-add potential.
      1931 Palm Ave, San Mateo, CA 94403
      View Details
    • $1,998,888
      3,880 SF

      Historic San Mateo Triplex with Studio

      1907 triplex with bonus studio in central San Mateo.
      320 Villa Ter, San Mateo, CA 94401
      View Details
    • $1,688,000
      2,137 SF

      San Mateo Duplex Investment Opportunity

      Well-maintained duplex in desirable location with upgrade potential.
      1927 Palm Ave, San Mateo, CA 94403
      View Details
    • $1,050,000
      1,400 SF

      Downtown San Mateo Commercial Opportunity

      Prime commercial building in a high-traffic, sought-after location.
      132 N B St, San Mateo, CA 94401
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey 17-unit apartment building near Hillsdale Shopping Center.
    Where is this apartment building located?
    The property is located at Flores St San Mateo, CA.
    What is the asking price?
    The asking price for this property is $8,888,000.
    What are key features of this property?
    This property features: - Prime location: Steps from Hillsdale Shopping Center and Caltrain Station.; - Fully stabilized, turnkey 17-unit apartment building.; - Significant capital improvements: 15 of 17 units renovated to modern standards in 2020-2021.
    (408) 317-0187
    Request Owner's contact information
    Flores St San Mateo, CA 94403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Flores St
    San Mateo, CA 94403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Flores St San Mateo, CA 94403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.