Investment Overview

2660 Flores St is a stunning 10-unit apartment complex strategically located in the heart of the thriving city of San Mateo, California. Situated on a parcel of land totaling 10,672 square feet, the subject property was originally constructed in 1961 and has a gross building area of approximately 10,948 square feet, offering its tenants beautifully designed three-bedroom, two-bedroom and one-bedroom floor plans. The subject property has recently undergone significant capital improvements in select units including updated kitchens, granite countertops, stainless steel appliances, hardwood style flooring throughout, updated bathrooms, as well as numerous other recent updates. The subject property is located within close proximity to San Mateo Central Park and Downtown San Mateo, featuring a myriad of diverse retail shops, dining and entertainment options. 2660 Flores St is also located within convenient access to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others. The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 2660 Flores St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.