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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 Type(s):
Residential Income
| Last Updated | 6/2/2026 | Year Built | 1922 |
|---|---|---|---|
| Community | 699 - Not Defined | Garage Spaces | 2.0 |
| County | San Mateo |
SCHOOLS
| Elementary School | Oak Knoll |
|---|---|
| Jr. High School | Hillview |
| High School | Menlo-Atherton |
Additional Details
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 699 - Not Defined |
| GARAGE | Yes |
| HEAT | Central, Wall Furnace |
| LOT | 0.3513 acre(s) |
| LOT DIMENSIONS | 15301 |
| PARKING | Carport |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 35065 |
| WATER | Public |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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