933 Florence Lane, Menlo Park, CA 94025
Local realty services provided by:ERA North Orange County Real Estate



933 Florence Lane,Menlo Park, CA 94025
$3,500,000
- - Beds
- - Baths
- 4,080 sq. ft.
- Multi-family
- Pending
Listed by:ismael benhamida
Office:compass
MLS#:ML82004513
Source:CRMLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$857.84
About this home
Welcome to 933 Florence Lane, a 4,080 SqFt fourplex located in the heart of Downtown Menlo Park walking distance to Caltrain and Santa Cruz Avenue. All units are two-bedroom/two-bathroom and have private outdoor space and a one-car garage and tandem parking space. The current owner and his family built the property in 1964. Recent improvements include new electrical panels, copper plumbing, dual pane windows, central heating systems, and exterior paint. Opportunity to add value by renovating the unit interiors with luxury finishes and installing air conditioners, electric car chargers, and in-unit laundry to meet the demand of high-income technology employees. Additionally, a new owner can create accessory dwelling units through garage conversions. The property is located near to Stanford Shopping Center, Stanford University, Stanford Hospital, VC Firms on Sand Hill Road, and Meta's headquarters. The strong rent growth, shortage of housing units, proximity to hi-tech employers employers, and value-add and ADU potential make 933 Florence Lane a great opportunity for both the cash flow and appreciation-minded investor. Offering Memorandum available. Cap Rate: 2.42% (Current), 4.61% (Market). GRM: 24.2 (Current), 15.51 (Market). Monthly Rent: $12,050 (Current), $18,800 (Market).
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Home facts
- Year built:1964
- Listing Id #:ML82004513
- Added:109 day(s) ago
- Updated:August 17, 2025 at 07:24 AM
Rooms and interior
- Living area:4,080 sq. ft.
Structure and exterior
- Roof:Composition, Shingle
- Year built:1964
- Building area:4,080 sq. ft.
- Lot area:0.17 Acres
Schools
- High school:Menlo-Atherton
- Middle school:Hillview
- Elementary school:Oak Knoll
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$857.84
- Tax amount:$39,793
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