3223 Glendora Dr, San Mateo, CA 94403
- $4,520,000
Listed by Ken Wu, (408) 666-2585 from Compass
(If provided) CoList: Ray Rodriguez from Compass
Sold listing courtesy of Gregory Terry from
- Sold Price
- $4,520,000
- List Price
- $4,700,000
- Closing Date
- Mar 30, 2026
- MLS#
- EB41121432
- Status
- SOLD
- Lot Size
- 11,615
- Listing Area
- Laurelwood Etc.
- Year Built
- 1964
Property Description
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.
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Additional Information
- Acres
- 0.26
- Amenities
- Balcony/Patio
- Cooling System
- None
- Exterior Features
- Stucco
- Floor Covering
- Carpet - Wall to Wall, Hardwood
- Heating System
- Forced Air
- Laundry Facilities
- In Laundry Room
- Lot Size
- 11,615
- Neighborhood
- Laurelwood Etc.
- Numberof Units
- 9
- Other Rooms
- Basement - Finished
- Unincorporated Yn
- Yes
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