Seller's Agent in 2025
Ismael Benhamida
Compass
(408) 373-6195
1 in this area
45 Total Sales
933 Florence Ln Menlo Park, CA 94025
Downtown Menlo Park Neighborhood
8
Beds
8
Baths
4,080
Sq Ft
7,436
Sq Ft Lot
Highlights
- Deck
- Balcony
- 4 Car Attached Garage
- Oak Knoll Elementary School Rated A
- Enclosed Patio or Porch
- 4-minute walk to Jack W. Lyle Park
About This Home
As of September 2025Welcome to 933 Florence Lane, a 4,080 SqFt fourplex located in the heart of Downtown Menlo Park walking distance to Caltrain and Santa Cruz Avenue. All units are two-bedroom/two-bathroom and have private outdoor space and a one-car garage and tandem parking space. The current owner and his family built the property in 1964. Recent improvements include new electrical panels, copper plumbing, dual pane windows, central heating systems, and exterior paint. Opportunity to add value by renovating the unit interiors with luxury finishes and installing air conditioners, electric car chargers, and in-unit laundry to meet the demand of high-income technology employees. Additionally, a new owner can create accessory dwelling units through garage conversions. The property is located near to Stanford Shopping Center, Stanford University, Stanford Hospital, VC Firms on Sand Hill Road, and Meta's headquarters. The strong rent growth, shortage of housing units, proximity to hi-tech employers employers, and value-add and ADU potential make 933 Florence Lane a great opportunity for both the cash flow and appreciation-minded investor. Offering Memorandum available. Cap Rate: 2.42% (Current), 4.61% (Market). GRM: 24.2 (Current), 15.51 (Market). Monthly Rent: $12,050 (Current), $18,800 (Market).
Property Details
Home Type
- Multi-Family
Year Built
- 1964
Lot Details
- 7,436 Sq Ft Lot
- Fenced
- Grass Covered Lot
- Back Yard
Parking
- 4 Car Attached Garage
- Off-Street Parking
- Assigned Parking
Home Design
- Quadruplex
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,080 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Storage Room
Flooring
- Carpet
- Tile
Laundry
- Laundry Room
- Washer and Dryer
Outdoor Features
- Balcony
- Deck
- Enclosed Patio or Porch
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $144,600
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $1,200
- Insurance Expense $2,800
- Maintenance Expense $3,000
- Other Expense $1,161
- Utility Expense $8,995
- Trash Expense $3,188
- Operating Expense $60,137
- Gross Income $141,271
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 28, 2025
Closed on
Aug 14, 2025
Sold by
Paul D Murphy Trust and Murphy Paul D
Bought by
Chan Kelvin K
Seller's Agent
Ismael Benhamida
Compass
Buyer's Agent
Marshall Ward
Marcus & Millichap Real Estate
List Price
$3,500,000
Sold Price
$3,250,000
Premium/Discount to List
-$250,000
-7.14%
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,094
Avg. Annual Appreciation
0.38%
Original Mortgage
$1,500,000
Outstanding Balance
$1,497,217
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$1,756,877
Purchase Details
Closed on
May 14, 2021
Sold by
Murphy Linda K
Bought by
Murphy Paul D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 4, 2021
Sold by
Murphy Paul D
Bought by
Murphy Paul D and Paul D Murphy Trust
Purchase Details
Closed on
Apr 17, 2020
Sold by
Murphy Covert and Bypass Trust Under Paul C Murp
Bought by
Murphy Paul D
Purchase Details
Closed on
Feb 6, 2020
Sold by
Murphy Paul D and The Mildred Murphygst Exempt T
Bought by
Murphy Paul D
Purchase Details
Closed on
Aug 30, 2016
Sold by
Murphy Patsy Regin
Bought by
Murphy Patsy Regin
Purchase Details
Closed on
Jan 18, 2011
Sold by
Murphy Paul C
Bought by
Murphy Paul C and Murphy Patsy Regin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
4.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 9, 2003
Sold by
Murphy Paul C and Murphy Patsy Regin
Bought by
Murphy Paul C and Murphy Patsy Regin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 3, 2003
Sold by
Murphy Paul C and Murphy Patsy Regin
Bought by
Murphy Paul C and Murphy Patsy Regin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.06%
Purchase Details
Closed on
Mar 25, 2002
Sold by
Murphy Paul C
Bought by
Murphy Paul C and Murphy Patsy Regin
Purchase Details
Closed on
Oct 31, 2001
Sold by
Murphy Paul C and Murphy Covert J
Bought by
Murphy Paul C and Murphy Patsy Regin
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,250,000 | Chicago Title Company | |
| Deed | -- | New Title Company Name | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | New Conventional | |
| Previous Owner | $1,200,000 | New Conventional | |
| Previous Owner | $408,000 | New Conventional | |
| Previous Owner | $450,000 | Purchase Money Mortgage | |
| Previous Owner | $450,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | Sold | $3,250,000 | -7.1% | $797 / Sq Ft |
| 08/04/2025 08/04/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $3,500,000 | -- | $858 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
Tax History
| 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 | $15,364 | $758,966 | $300,131 | $458,835 |
| 2023 | $15,364 | $729,500 | $288,479 | $441,021 |
| 2022 | $14,528 | $715,198 | $282,823 | $432,375 |
| 2021 | $14,086 | $701,177 | $277,279 | $423,898 |
| 2020 | $13,889 | $693,991 | $274,438 | $419,553 |
| 2019 | $13,588 | $680,386 | $269,058 | $411,328 |
| 2018 | $13,153 | $667,048 | $263,784 | $403,264 |
| 2017 | $12,798 | $653,971 | $258,613 | $395,358 |
| 2016 | $12,298 | $641,150 | $253,543 | $387,607 |
| 2015 | $11,990 | $631,522 | $249,736 | $381,786 |
| 2014 | $11,550 | $619,153 | $244,845 | $374,308 |
Source: Public Records
Agents Affiliated with this Home
-
Ismael Benhamida
-
Hanna John Azar
Seller Co-Listing Agent in 2025
Hanna John Azar
Compass
(650) 314-7200
1 in this area
19 Total Sales
-
Marshall Ward
Buyer's Agent in 2025
Marshall Ward
Marcus & Millichap Real Estate
(415) 532-3161
1 in this area
4 Total Sales
Map
Source: MLSListings
MLS Number: ML82004513
APN: 071-302-040
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