$3,100,000

Estimated payment $17,527/month

Total Views 208
7 Beds
5 Baths
3,168 Sq Ft
$979 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Oak Knoll Elementary School Rated A

About This Home

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.

Listing Agent

Hossein Djalali

Coldwell Banker Realty License #01215831 Listed on: 09/14/2026

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Parking

  • 1 Car Attached Garage
  • 3 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Formica Countertops

Flooring

  • Wood
  • Carpet

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts

Listing and Financial Details

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $750
  • Insurance Expense $3,156
  • Maintenance Expense $5,442
  • Utility Expense $1,084
  • Operating Expense $23,796
  • Gross Income $126,200

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

7,884 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3168
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Exhaust Fan, Oven - Electric, Refrigerator
  • Living Sq Ft: 3168
  • Stories: 2
  • Flooring: Carpet, Hardwood

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage, Carport
  • Carport Min: 3

Utilities

  • Cooling System: Central Ac, Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 658

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7865.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7865.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 24.56
  • Number Of Leased: 4

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 3156
  • Expense Landscape: 750
  • Expense Maintenance: 5442
  • Expenses Total: 23796
  • Expenses Utility: 1084
  • Income Annual Gross: 126200.00
  • Income Annual Rental: 125700
  • Income Gross Scheduled: 126200
  • Income Includes: Laundry
  • Income Other: 500
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Laundry, Services - Gardener, Services - Sewer, Utilities - Electric
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,905 $528,294 $207,170 $321,124
2023 $12,905 $507,781 $199,126 $308,655
2022 $12,175 $497,825 $195,222 $302,603
2021 $11,765 $488,065 $191,395 $296,670
2020 $11,576 $483,062 $189,433 $293,629
2019 $11,304 $473,591 $185,719 $287,872
2018 $10,922 $464,306 $182,078 $282,228
2017 $10,594 $455,203 $178,508 $276,695
2016 $10,137 $446,278 $175,008 $271,270
2015 $9,844 $439,576 $172,380 $267,196
2014 $9,435 $430,966 $169,004 $261,962
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/14/2026 09/14/26 For Sale $3,100,000 -- $979 / Sq Ft
Source: MLSListings

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Gift Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: MLSListings

MLS Number: ML82058193

MLSListings

APN: 071-302-220

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