3223 Glendora Dr San Mateo, CA 94403
San Mateo Knolls NeighborhoodEstimated payment $29,191/month
Highlights
- Wood Flooring
- No HOA
- Paved or Partially Paved Lot
- Highlands Elementary School Rated A-
- Forced Air Heating System
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.27 Acre Lot
- Paved or Partially Paved Lot
Parking
- Carport
Home Design
- Flat Roof Shape
- Stucco
Flooring
- Wood
- Carpet
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
- Laurelwood Subdivision
Listing and Financial Details
- Assessor Parcel Number 041263290
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $60,040 | $4,350,000 | $3,196,000 | $1,154,000 |
| 2023 | $60,040 | $4,600,000 | $3,379,790 | $1,220,210 |
| 2022 | $61,440 | $4,400,000 | $3,230,000 | $1,170,000 |
| 2021 | $58,342 | $4,350,000 | $3,200,000 | $1,150,000 |
| 2020 | $62,914 | $4,845,000 | $3,559,800 | $1,285,200 |
| 2019 | $21,053 | $1,335,095 | $400,525 | $934,570 |
| 2018 | $19,559 | $1,308,918 | $392,672 | $916,246 |
| 2017 | $16,866 | $1,283,254 | $384,973 | $898,281 |
| 2016 | $16,208 | $1,258,093 | $377,425 | $880,668 |
| 2015 | $16,213 | $1,239,196 | $371,756 | $867,440 |
| 2014 | $15,554 | $1,214,923 | $364,474 | $850,449 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | Pending | -- | -- | -- |
| 01/20/2026 01/20/26 | For Sale | $4,700,000 | -- | $543 / Sq Ft |
Source: bridgeMLS
MLS Number: 41121432
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Bay East 2026. CCAR 2026. bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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