933 Florence Lane
Menlo Park, CA 94025
Map
- – beds
- – baths
- – sqft
- 7,436 sqft lot
- 1964 build
- – on site
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).
Last checked:
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Last updated Jun 15, 2025
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MLS# ML82004513 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1964
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Year Built Source:Assessor
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Building Area Total:4080.00
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# of Buildings:1
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Roof:Composition, Shingle
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Foundation:Concrete Perimeter
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Stories Total:2
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Accessibility Features:None
Interior
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Flooring:Carpet, Tile
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Room Type:Laundry
Location
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Directions:Cross Street: University Drive
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Latitude:37.44657629
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Longitude:-122.18280172
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:R3
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Lot Size Area:7436.0000
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Lot Size Acres:0.1707
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Lot Size SqFt:7436.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Annual Amount:39793.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:071302040
Heating & Cooling
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Heating:1
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Included:No
The Community
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Off Street
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/28/25
Apr 28, 2025
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Listed / Active | CRMLS_CA | $3,500,000 |
