3223 Glendora Dr Dr, San Mateo, CA 94403 (MLS # 41121432)
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3223 Glendora Drive is a well-maintained 9-unit apartment property located in a prime San Mateo neighborhood directly adjacent to the Laurelwood Shopping Center. The asset reflects true pride of ownership and offers a compelling blend of stability, unit size, and rental upside. The unit mix consists of seven spacious one-bedroom/one-bath units and two two-bedroom/one-bath units. The one-bedroom units range approximately 750-800 square feet, while the two-bedroom units are approximately 950 square feet"”sizes that are well above typical market averages and highly attractive to long-term tenants. The property is very well maintained and features tuck-under parking with one enclosed garage space currently being leased as storage, providing valuable off street parking in a supply-constrained area. Tenants benefit from a quiet rear courtyard and backyard area, enhancing livability and tenant retention. Current rents are below market, offering approximately 24% upside through rent growth, positioning the property as an ideal opportunity for an investor seeking both immediate cash flow and long-term value appreciation in one of San Mateo's most desirable submarkets.
| DAYS ON MARKET | 2 | LAST UPDATED | 1/20/2026 |
|---|---|---|---|
| TRACT | LAURELWOOD | YEAR BUILT | 1964 |
| COUNTY | San Mateo | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Stucco |
| HEAT | Forced Air |
| LOT | 0.2666 acre(s) |
| LOT DIMENSIONS | 11615 |
| SUBDIVISION | LAURELWOOD |
| WATER | Other |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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