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.
Property Details
Price:
$4,700,000
MLS #:
41121432
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
LAURELWOOD
Listed Date:
Jan 27, 2026
Lot Size:
11,615 sqft / 0.27 acres (approx)
Year Built:
1964
See this Listing
Schools
Interior
Cooling
NO
Heating
FA
Exterior
Construction Materials
STC
Parking Spots
10
Financial
Map
Community
- Address3223 Glendora Dr San Mateo CA
- SubdivisionLAURELWOOD
- CitySan Mateo
- CountySan Mateo
- Zip Code94403
Market Summary
Current real estate data for Single Family in San Mateo as of Feb 14, 2026
90
Single Family Listed
68
Avg DOM
881
Avg $ / SqFt
$1,691,202
Avg List Price
Property Summary
- Located in the LAURELWOOD subdivision, 3223 Glendora Dr San Mateo CA is a Single Family for sale in San Mateo, CA, 94403. It is listed for $4,700,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1964. The average price per square foot for Single Family listings in San Mateo is $881. The average listing price for Single Family in San Mateo is $1,691,202.
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3223 Glendora Dr
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