3223 Glendora Dr

Property 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.
Home Details
- Property type
- ResidentialIncome
- Year built
- 1964
- Lot size
- 11,615 sq ft
- Parking
- 10 spaces
- Days on market
- 7
- MLS status
- Active
Community, Schools & Utilities
Community
- Subdivision
- LAURELWOOD
Utilities
- Heating
- ForcedAir
- Cooling
- None
- Water
- Other
Location & Neighborhood
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