933 Florence Lane, MENLO PARK, CA 94025 (MLS # ML82004513)
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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 UPDATED | 4/28/2025 | YEAR BUILT | 1964 |
|---|---|---|---|
| GARAGE SPACES | 4.0 | COUNTY | San Mateo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Oak Knoll Elementary |
|---|---|
| Jr. High School | Hillview Middle |
| High School | Menlo-Atherton High |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Washer |
| CONSTRUCTION | Frame |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Forced Air |
| LOT | 7436 sq ft |
| LOT DIMENSIONS | 7436.00 |
| PARKING | Off Street, Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | R3 |
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings 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 MLSListings MLS as of 5/9/25 1:34 PM PDT. 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. Properties may or may not be listed by the office/agent presenting the information.
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