3223 Glendora Dr San Mateo, CA 94403
Property Features for 3223 Glendora Dr
General Information
- Standard status
- Active
- Size
- 8,652 SF
Building Details
- Year built
- 1964
Source:
Corcoran
Listing Agency: COMPASS Listing Agent: Ken Wu
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Well-Maintained San Mateo Apartment Building
The property at 3223 Glendora Drive is a well-maintained 9-unit apartment building located in San Mateo, directly adjacent to the Laurelwood Shopping Center. The unit mix consists of seven one-bedroom/one-bath units and two two-bedroom/one-bath units. The one-bedroom units range from approximately 750 to 800 square feet, and the two-bedroom units are approximately 950 square feet. The property features tuck-under parking with one enclosed garage space currently being leased as storage. Tenants have access to a quiet rear courtyard and backyard area. The property offers an opportunity for an investor seeking both immediate cash flow and long-term value appreciation.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Mateo
- County
- San Mateo
- State
- California
- Longitude
- -122.326084
- Latitude
- 37.53218
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 9-unit apartment property in prime San Mateo neighborhood.
Where is this apartment building located?
The property is located at 3223 Glendora Dr San Mateo, CA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: - Prime location directly adjacent to Laurelwood Shopping Center; - Significant rental upside of approximately 24% due to below-market rents; - Spacious units, significantly larger than typical market averages (750-800 sq ft for 1-bedroom, 950 sq ft for 2-bedroom)
