933 Florence Lane

Menlo Park, CA 94025

  • 8 Bed(s)
  • 0 Bath(s)
  • 4,080 Sqft
  • 7436
    Sqft(Lot)
$3,500,000

Description

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).

  • Property Type

    Residential Income

  • County

    San Mateo

  • Style

    Residential Income

  • AD ID

    49540217

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition,Shingle
    • Flooring: Carpet,Tile

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

  • Building Information

    • Year Built: 1964
    • Building Area Total: 4,080
    • Roof: Composition,Shingle

    Foundation

    • Concrete Perimeter

    Accessibility Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1707
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7436

  • Listing Price Information

    • Original List Price: 3,500,000
    • Listing Contract Date: 2025-04-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 071302040
    • Annual Tax: 39793

  • Garage and Parking

    • Garage Description: Covered,Off Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: Cross Street: University Drive
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 61
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 4080
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BuyOwner last updated this listing 05/05/2025 @ 02:43

  • MLS: ML82004513
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 4,080 sqft, 7,436 sized lot, and 4 parking. are nearby neighborhoods.