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3223 Glendora Dr, San Mateo, CA 94403

Sqft
8,652

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Square feet
8,652
Lot size (acres)
0.26
Year built
1964

Interior features

Basement
Yes, Finished

Utilities

Heating
Forced air
Cooling
None
Sewer
Other
Water
Other

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41121432 Last checked:

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