Active Open Friday 06/12 3 PM-4 PM

938 Alice Lane

Menlo Park, CA 94025

$3,200,000 $13,491/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

4,162

Sqft

15,301

Sqft(Lot)

Description

Offer Date: Wednesday, June 17th. 4-unit cottage style multifamily property + 1 non-conforming 5th unit (two duplexes and one cottage on large 15K+ SF lot in the heart of Menlo Park). 938 Alice Lane is a rare opportunity to acquire a well-located multifamily asset in the heart of Menlo Park, one of the Peninsulas most affluent and supply-constrained rental markets. The property consists of four legal units plus one non-conforming unit across three separate structures. Offered for sale by the original owner/builder, this well-maintained property has been carefully cared for over the years. Two of the units have undergone extensive renovations within the past 20 years, while the remainder of the property continues to showcase its timeless charm and character. It is conveniently located next to University Drive and a short walk to Downtown Menlo Park.

Property Details

Property Type : Residential Income

Price : $3,200,000

AD Id : 79841872

MLS Id : ML82049437

Beds : 5

Lot Size : 15,301 Sqft

Living Area Size : 4,162

Year Built : 1922

Garage : 2

County : San Mateo

Open House

06/12 3 PM-4 PM

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Composition,Shingle
Cooling Features

Central Air,Wall/Window Unit(s) Air Conditioning

Heating Source

Central,Wall Furnace Has Heating

Building Information

Year Built: 1922 Building Area Total: 4,162 Roof: Composition,Shingle
Foundation

Concrete Perimeter
Accessibility Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3513
Lot Size Source: Assessor Lot Size Square Feet: 15301

Listing Price Information

Original List Price: 3,200,000 Listing Contract Date: 2026-06-02
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 071302120 Annual Tax: 35065

Garage and Parking

Garage Description: Carport

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 699 - Not Defined Zoning: R3 Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Quadruplex
Building and Construction

Property Age: 104 Structure Type: Quadruplex Year Built Source: Assessor Total Square Feet Living: 4162

Sell a home like this and save $191,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Residential Income, Menlo Park, CA, 94025	$1,988,000	4	--	2,884	2,884 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/10/2026 @ 20:52

MLS: ML82049437 LISTED BY: Jimmy Castellanos, Marcus & Millichap 650-391-1700 SOURCE: CRMLS