$3,500,000

beds

baths

4,080

square ft

933 Florence Lane

Menlo Park, California 94025

Active / MLS #82004513 / Multiple Unit (2-4) / Menlo Park

Listing information updated 6/15/2025 at 6:08am

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).

Full Features

Beds Above Grade:

Cooling System:

CeilingFan

Heating System:

Central Forced Air_ Gas

Appliances:

Washer Dryer

Pool:

Age:

61 Years

Roof Type:

Composition, Shingle

Parking Type:

Garage - Assigned Spaces, Attached Garage, Covered Parking, Off_ Street Parking

Parking Spaces:

Garage:

Garage - 4 Car(s)

Square Feet:

4,080

Lot Size:

7436 SquareFeet

Acreage:

0.17

Taxes & Assessments

Tax Amount:

$39,793

Tax Year:

N/A

Location

Zip Code:

94025

City:

Menlo Park

County:

San Mateo

Schools

School District(s):

Menlo Park City Elementary, Sequoia Union High

Elementary School:

Oak Knoll Elementary

Middle School:

Hillview Middle_1

High School:

Menlo Atherton High

Full Features Taxes & Assessments Location Schools

Beds Above Grade:

Cooling System:

CeilingFan

Heating System:

Central Forced Air_ Gas

Appliances:

Washer Dryer

Pool:

Age:

61 Years

Roof Type:

Composition, Shingle

Parking Type:

Garage - Assigned Spaces, Attached Garage, Covered Parking, Off_ Street Parking

Parking Spaces:

Garage:

Garage - 4 Car(s)

Square Feet:

4,080

Lot Size:

7436 SquareFeet

Acreage:

0.17

Listing Agent: Ismael Benhamida

Listing Office: Compass

Disclaimer: The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings MLS system. Real estate listings held by brokerage firms other than Christie’s International Real Estate Sereno are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS as of 6/15/2025 at 6:08am (date the MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.