430 Monte Diablo Ave
, CA 94401
Sq. Feet 5,400
The Flores Street Complex is a stunning 14-unit building located in highly desirable, San Mateo, California. Situated on an 18,574 square-foot parcel of land, the subject property was constructed in 1954 and has a gross building area of 13,727 square feet. The property is located on a corner lot, which allows for all fourteen of the spacious two-bedroom/one-bathroom units to have either a courtyard or street-view.
The property has recently undergone exterior updates including new dual-pane Simonton Windows in 2017 and new exterior paint in 2018. The Flores Street Complex is within walking distance of the recently redesigned Hillsdale Shopping Mall, and West 25th Avenue’s restaurant, grocery and shopping strip. The renter profile will benefit from having the perfect balance of a quiet suburban neighborhood, while being in the immediate proximity to San Mateo’s urban attractions.
Cap Rate: 3.86% NOI: $286,821 Livable Sq. Ft: 13,727
Built in 1954 14 units Lot Sq. Ft: 18,574