3223 Glendora Dr, San Mateo, CA 94403

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.

Listing Status:

Active

Date Added:

January 20, 2026

Data Last Updated:

February 17, 2026 at 12:16AM

Listing Office:

Compass : 415-929-7100

Listing Agent:

Ken Wu : 408-666-2585

MLS ID:

41121432

Interior

• A/C: None
• Heating: Forced Air

Exterior

• Parking: Parking spaces: 10

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: San Mateo

Lot

• Zoning: 041263290

Utilities

• Water: Other

Financial

• Source: CRMLS_BMLS