933 FLORENCE LN Menlo Park, CA 94025

933 Florence Ln is a wonderful four-unit apartment complex located in the heart of Downtown Menlo Park, just a few blocks away from lively shops and restaurants.​ Its close proximity to Stanford University, major technology companies, venture capital firms, and multiple transportation options makes it, arguably, the most prestigious apartment location in

Silicon Valley.​ Many of the current and previous tenants have been Stanford Medical Doctors and other graduate students.​ The property's high walkability and location quality ensure minimal vacancy and the ability to command premium rents.​

933 Florence Lane features a superior unit consisting of four two-bedroom/two-bathroom units, with each unit having a private outdoor space.​ Units C and D have large outdoor patios, and units A and B have private backyards.​ Unit B has a large deck and a redwood tree, and Unit A has a storage and private laundry room in addition to the backyard, which can be accessed through the backyard.​ Each tenant has a one-car garage and an additional tandem parking space in the driveway.​

The property has never sold, and the current ownership has meticulously maintained the property during its over six-decade tenure.​ Recent capital improvements include electrical service with new main and sub-panels, replacement of the entire fresh water plumbing system with copper piping, dual pane windows, and exterior paint.​ 933 Florence Lane offers the new owner the opportunity to increase income and add further value by upgrading the existing unit interiors to meet the demand of high-income technology employees by installing air conditioners, electric car chargers, in-unit laundry, and fully renovating the unit interiors with luxury finishes.​

Additionally, California Senate Bill 1211, effective January 2025, allows fourplex owners in Menlo Park to build up to 4 detached ADUs with each ADU measuring up to 1,000 square feet and 16-17 feet in height.​ Garages can be converted into standard ADUs without requiring replacement parking.​ This optionality allows an investor to add ADUs to the existing footprint of the building.​

Downtown Menlo Park is located 4 and a half blocks away from 933 Florence Lane and offers a wide range of restaurants, services, numerous boutiques, and coffee shops.​ Among these is Draeger's Market, an upscale gourmet grocery store.​ The property is 1.6 miles from Stanford Shopping Center, Northern California's premier open-air shopping and dining destination, and features 140 stores, ranging from luxury brands to local favorites, as well as an excellent mix of restaurants and cafes.​

The property is situated 1.5 miles from Stanford University.​ Nearby is Sand Hill Road, known globally as the "Capital of Venture Capital," with a high concentration of venture capital firms.​ Meta's headquarters are located less than 4 miles away.​ Stanford Hospital is 2.4 miles away, providing world-renowned healthcare services nearby.​ The subject property is located within walking distance of the Menlo Park Caltrain Station.​

The strong rent growth, shortage of housing units, proximity to world-class employers and education, and ADU potential make 933 Florence Lane a great opportunity for both the cash flow and appreciation-minded investor.​

Property Highlights

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  First time ever on the market! The current owner built the property in 1964.

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  Rarely Available Downtown Menlo Park Fourplex One Block From Downtown Menlo Park Shops and Restaurants

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  Generational Pride Of Ownership Asset In One Of Silicon Valley's Most Prestigious Locations.

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  Close proximity to Stanford University (1.5 miles), Stanford Shopping Center (1.6 miles), Stanford Hospital (2.4 miles)

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  Downtown Palo Alto (2.8 miles), and Facebook Headquarters (4.5 miles).

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  Superior Unit Mix- All units feature 2-Bed/2-Bath Units with private outdoor space

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  Close proximity to Stanford University (1.5 miles), Stanford Shopping Center (1.6 miles), Stanford Hospital (2.4 miles)

  Downtown Palo Alto (2.8 miles), and Facebook Headquarters (4.5 miles).

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  Upgrades include upgraded electrical panels, dual-pane windows, copper fresh water pipe, painted exterior, etc