21
See all 21 photos
$4,700,000
Est. payment /mo
0.27 Acres Lot
Open Mon 12PM-1:30PM
3223 Glendora Dr San Mateo, CA 94403
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Open House
Mon Jan 26, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Laurelwood
MLS Listing ID 41121432
HOA Y/N No
Year Built 1964
Lot Size 0.267 Acres
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.
Location
State CA
County San Mateo
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Total Parking Spaces 10
Building
Water Other
Others
Tax ID 041263290
Listed by Ken Wu Compass
GET MORE INFORMATION