938 Alice Lane, Menlo Park, CA 94025

Jimmy Castellanos of Marcus & Millichap is pleased to present 938 Alice Lane, a rare opportunity to acquire a well-located, income-producing residential asset in Menlo Park, one of the Peninsula's most affluent and supply-constrained rental markets. The property features four legal units plus one non-conforming unit across three separate structures, including a two-bedroom single-family home, duplex-style residences, an attached apartment, and a detached cottage.

With approximately 4,162 square feet of rentable space on a 15,301 square foot lot, the property offers private garages, attractive curb appeal, and long-term tenant appeal in a highly desirable, low-density residential setting. The buildings are thoughtfully configured to maximize privacy and functionality, while each unit provides modern living spaces with character and charm. This combination of scale, design, and location creates a unique investment opportunity in one of Menlo Park's most sought-after neighborhoods.

Ideally situated near Downtown Menlo Park, Stanford University, Stanford Medical Center, and the Menlo Park Caltrain station, the property offers convenient access to premier lifestyle amenities, shopping, dining, parks, and entertainment. The surrounding area attracts high-income professionals due to proximity to Stanford Research Park, Sand Hill Road, Meta headquarters, and the broader Silicon Valley innovation corridor. Menlo Park's prestigious character, strong barriers to new development, and exceptional commuter connectivity support continued long-term rental demand and property value appreciation.