- ERA
- California
- San Mateo
- 3223 Glendora Dr
3223 Glendora Dr, San Mateo, CA 94403
Local realty services provided by:ERA North Orange County Real Estate
3223 Glendora Dr,San Mateo, CA 94403
$4,700,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ken wu, ray rodriguez
Office: compass
MLS#:41121432
Source:CRMLS
Price summary
- Price:$4,700,000
About this home
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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Home facts
- Year built:1964
- Listing ID #:41121432
- Added:20 day(s) ago
- Updated:February 10, 2026 at 02:31 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1964
- Lot area:0.27 Acres
Finances and disclosures
- Price:$4,700,000
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