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.
Sold for $3,650,000
$3,650,000
938 Alice Ln, Menlo Park, CA 94025
5beds
5baths
4,162sqft
Quadruplex, Residential Income
Built in 1922
-- sqft lot
$-- Zestimate®
$877/sqft
$6,405 Estimated rent
Home value
Not available
Estimated sales range
Not available
$6,405/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jimmy Castellanos 02024152 408-483-5040,
Marcus & Millichap 650-391-1700
Bought with:
Eymon Binesh, 02060059
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML82049437
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Central Forced Air, Wall Furnace
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Washer/Dryer Some Units
Features
- Doors: None
Interior area
- Total structure area: 4,162
- Total interior livable area: 4,162 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Carport, Detached
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 1
Lot
- Size: 0.35 Acres
Details
- Parcel number: 071302120
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1922
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Menlo Park
Financial & listing details
- Price per square foot: $877/sqft
- Tax assessed value: $272,581
- Annual tax amount: $35,065
- Date on market: 6/2/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, Land, LeaseholdImprovements
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $3,650,000+14.1%$877/sqft |
Source:  MLSListings Inc #ML82049437 Report a problem | ||
| 6/18/2026 | Pending sale | $3,200,000$769/sqft |
Source: MLSListings Inc #ML82049437 Report a problem | ||
| 6/2/2026 | Listed for sale | $3,200,000$769/sqft |
Source: MLSListings Inc #ML82049437 Report a problem | ||
| 10/9/2024 | Listing removed | $3,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/17/2024 | Price change | $3,950-2.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/23/2024 | Listed for rent | $4,050$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/23/2023 | Listed for rent | $4,050$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/16/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/29/2022 | Listed for rent | $4,050$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,034 +3.9% | $272,581 +2% |
| 2024 | $11,582 +3.9% | $267,237 +2% |
| 2023 | $11,146 +2.5% | $261,998 +2% |
| 2022 | $10,877 +3.8% | $256,862 +2% |
| 2021 | $10,477 +2.1% | $251,827 +1% |
| 2020 | $10,265 +2.9% | $249,245 +2% |
| 2019 | $9,979 +3.4% | $244,359 +2% |
| 2018 | $9,655 +2.9% | $239,569 +2% |
| 2017 | $9,382 +6.6% | $234,872 +2% |
| 2016 | $8,799 +9.9% | $230,267 +1.5% |
| 2015 | $8,009 | $226,809 +2% |
| 2014 | $8,009 | $222,367 +0.5% |
| 2013 | -- | $221,363 +2% |
| 2012 | -- | $217,024 |
| 2011 | -- | $217,024 +2.8% |
| 2010 | -- | $211,180 -0.2% |
| 2009 | -- | $211,682 +2% |
| 2008 | -- | $207,532 +2% |
| 2007 | -- | $203,464 +2% |
| 2006 | -- | $199,475 |
| 2005 | -- | $199,475 +4% |
| 2004 | -- | $191,731 +1.9% |
| 2003 | -- | $188,218 +2% |
| 2002 | -- | $184,528 +2% |
| 2001 | -- | $180,911 +2% |
| 2000 | -- | $177,364 |
Find assessor info on the county website
Neighborhood: Downtown Menlo Park
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- $--2 bd1 ba800 sqft950 Alice Ln APT 3, Menlo Park, CA 94025Off Market
- $3,9801 bd1 ba725 sqft940 Alice Ln, Menlo Park, CA 94025For Rent
- $3,744,10012 bd5 ba5.3k sqft625 University Dr, Menlo Park, CA 94025Off Market
Nearby schools
GreatSchools rating
- 10/10Oak Knoll Elementary SchoolGrades: K-5Distance: 1.2 mi
- 9/10Hillview Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Menlo-Atherton High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: OakKnollElementary
- Middle: HillviewMiddle_1
- High: MenloAthertonHigh
- District: MenloParkCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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