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938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
938 Alice Lane, Menlo Park CA 94025
California>Menlo Park>Downtown Menlo Park

938 Alice LaneMenlo Park, CA 94025

For Sale

$3,200,000

Smart Buyer Rebate $32,000

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.

Listed by Jimmy Castellanos

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License #02024152

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Marcus & Millichap

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408-483-5040

Last updated June 17, 2026

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Source: MLSListings #ML82049437

Listing Facts

  • TypeMulti-family
  • NeighborhoodDowntown Menlo Park
  • Days on Prevu15
  • Taxes$35,065/year
  • Size4,162 sqft
  • Price per sqft$769

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

06/02/2026
Listed by Marcus & Millichap
$3,200,000

Property Details for 938 Alice Lane

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition, Shingle
  • Stories: 1
  • Year Built: 1922
  • Year Built Details: 2

Measurements

  • Building Area Total: 4,162
  • Lot Size Acres: 0.35
  • Lot Size Area: 15,301
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 15,301
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 3.77
  • Gross Income: $183,912.00
  • Operating Expense Includes: Insurance, Trash, Water/Sewer

Taxes

  • Parcel Number: 071-302-120
  • Tax Annual Amount: $35,065.00

Interior

Features

  • Appliances: Washer/Dryer - Some Units

Measurements

  • Living Area: 4,162

Parking

Parking

  • Carport Spaces: 2
  • Carport: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Assigned Spaces, Carport, Detached
  • Parking Total: 3

Schools

Elementary School

  • Elementary School: Oak Knoll Elementary
  • Elementary School District: Menlo Park City Elementary

High School

  • High School: Menlo-Atherton High
  • High School District: Sequoia Union High

Middle or Junior School

  • Middle Or Junior School: Hillview Middle_1

Utilities

Equipment

  • Cooling: Central Forced Air, Window/Wall Unit
  • Heating: Central Forced Air, Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 938 Alice Lane.

What schools are nearby to 938 Alice Lane?

Nearby schools include the Oak Knoll Elementary, Hillview Middle_1 Middle School, and Menlo-Atherton High.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 938 Alice Lane.

What are the annual taxes for 938 Alice Lane?

Annual taxes for this multi-family home are estimated at $35,065.

How does 938 Alice Lane compare to other multi-family homes in Downtown Menlo Park?

This multi-family home is listed 27% below the average price for multi-family homes in Downtown Menlo Park and has been on the market for 85 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,162 sqft.

938 Alice Lane is a -bedroom multi-family home for sale in Menlo Park CA 94025. Available on Prevu for 15 days at $3,200,000. This residence features 4,162 square feet of living space, located in Menlo Park. The median listing price for multi-family homes in this area is $3,832,000. Nearby schools include Oak Knoll Elementary, Hillview Middle_1 Middle School, and Menlo-Atherton High. Property amenities include pets allowed and parking. Explore more multi-family home listings in Menlo Park.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.