929 Alice Lane, Menlo Park, California 94025, Menlo Park, 94025 - 0 bed, 0 bath
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929 Alice Lane
Menlo Park, California 94025
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,168Sq Ft
7,865Lot Size
Property Price
LIST PRICE$3,100,000
EST. MARKET VALUE
$3,384,834
8% BelowMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $3,100,000—positioned well below the $3,384,834 Fair Market Value by 8%. This valuation gap offers $284,834 in Instant Equity. With a Condition Rating of 4, the property features a versatile unit mix and is located near top-rated schools like Oak Knoll Elementary. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in a prime Menlo Park location.
Estimated Market Value
$3,384,834+$284,834 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Menlo Park.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 929 Alice Lane Subject 0 bd · 0 ba · 3,168 sqft · $1,068 | $3,100,000* List Price | 0 | 0 | 3,168 | $1,068 | - |
A 339 Waverley Street Sold 0 bd · 0 ba · 2,005 sqft · $1,197 · 0.7 mi | $2,400,000 | 0 | 0 | 2,005 | $1,197 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1949 and under the same family ownership for 42 years, the property is noted as well-maintained and functional. However, given its age (>20 years) and visible older exterior elements like the windows, it is likely dated and requires minor updates and system inspections to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Oak Knoll Elementary School (9/10).
- Prime Location
Situated on a quiet cul-de-sac in downtown Menlo Park, the property offers exceptional proximity to Stanford University, top-rated schools, and major Silicon Valley employment hubs.
- Versatile Unit Mix
The quadruplex includes a rare three-bedroom, two-bathroom unit, providing a unique opportunity for an owner-occupier to live on-site while generating significant rental income from the other three units.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1949, the property may require substantial capital expenditures for modernizing systems and interiors to meet the expectations of high-end Menlo Park tenants.
- Potential Rent Lag
With 42 years of single-family ownership, there is a high probability that current rents are below market value, potentially requiring a long-term strategy to stabilize the investment yield.
About 929 Alice Lane
929 Alice Lane offers an outstanding investment opportunity or an ideal option for an owner-occupier in the heart of downtown Menlo Park. Situated on a quiet cul-de-sac in a highly desirable residential neighborhood, this well-maintained four-unit property has been owned by the same family for approximately 42 years. The property features one spacious 3-bedroom, 2-bath unit and two 1-bedroom, 1-bath units, and 2-bedroom one bath unit. Utilities are paid by the tenants. Enjoy an excellent location within walking distance of Downtown Menlo Park and convenient access to Downtown Palo Alto. The property is also ideally situated near Stanford University, Menlo College, Sacred Heart Prep, and Menlo-Atherton High School. A rare opportunity for an investor or owner-occupier in one of the Peninsulas most desirable locations.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1949
- Lot Size
- 7,865 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Menlo Park Unified Schools
Oak Knoll Elementary School
Grades K-5 • 1.2 mi
9/10
Encinal Elementary School
Grades K-5 • 1.2 mi
8/10
Hillview Middle School
Grades 6-8 • 0.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,168 | - |
| Lot Size | 7,865 | - |
| Price | $3.10M | $2.40M |
| Price per sq ft | $979 | $1.2K |
| Built year | 1949 | 0 |
| HOA | $0 | $0 |
| Days on market | 40 | 51 |
Pricing History
Listed for Sale
Sep 14, 2026
$3,100,000
Initial Listing