933 Florence LN, Menlo Park, CA 94025
- $3,250,000
- 8
- BD
- 4,080
- SqFt
Listed by Ismael Benhamida, 408-373-6195 from Compass
(If provided) CoList: Hanna John Azar from Compass
Sold listing courtesy of Marshall Ward from 7B2885
- Sold Price
- $3,250,000
- List Price
- $3,500,000
- Closing Date
- Sep 08, 2025
- MLS#
- ML82004513
- Status
- SOLD
- Zoning
- R3
- Sqft. of Residence
- 4,080
- Lot Size
- 7,436
- Listing Area
- Allied Arts / Downtown
Property 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).
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Additional Information
- Acres
- 0.17
- Age
- 61
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Floor Covering
- Carpet, Tile
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Attached Garage, Covered Parking, Off-Street Parking
- Heating System
- Central Forced Air - Gas
- Laundry Facilities
- Washer / Dryer
- Living Area
- 4,080
- Lot Size
- 7,436
- Neighborhood
- Allied Arts / Downtown
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Zoning
- R3
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