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$3,650,000

  • Sold
  • Closed
  • Multi-Family
  • 2 Car Garage
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Offer Date: Wednesday, June 17th. 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.

Full Property Details for 938 Alice Ln

General

  • Sold For: $3,650,000
  • Status: Closed
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML82049437
  • Added to Site: 83 day(s) ago

Rooms

Other Rooms

  • Laundry: Washer/Dryer in Some Units

Additional Information

  • Extras: Not Applicable
  • Security/Safety: None

Parking

  • Garage Spaces: 2
  • Parking Features: Assigned Spaces, Carport , Detached Garage

Location

  • Area: Allied Arts / Downtown
  • County: San Mateo

Heating & Cooling

  • Cooling Type: Central AC, Window / Wall Unit
  • Heating Type: Central Air (Forced Air), Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Individual Electric Meters, Individual Gas Meters
  • Metering: Master Water, Separate Electric, Separate Gas

Structural Information

  • Construction: Wood Frame
  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Disability Access: None
  • Square Feet: 4,162
  • Year Built: 1922

Unit Information

Unit 1

  • Bedrooms: 2

Unit 2

  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.35
  • Minimum Lot Size: 15301
  • Lot Size (Sq. Ft.): 15,301
  • Building Sites: 3
  • Zoning: R3

Listed by Marcus & Millichap, Jimmy Castellanos
Sold by M&MKW, Eymon Binesh

Listing agent

— 938 Alice Ln —

  • Jimmy Castellanos

    Marcus & Millichap

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 938 Alice Ln

School Districts:Menlo Park City Elementary School District, Sequoia Union High School District
NameGradesDistance
Oak Knoll Elementary School
1895 Oak Knoll Lane, Menlo Park, CA 94025
K-51.2 mi
Hillview Middle School
1100 Elder Avenue, Menlo Park, CA 94025
6-80.9 mi
Menlo-Atherton High School
555 Midfield Rd., Atherton, CA 94025
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 938 Alice Ln

Date
Details
Price
Change
Source
7/02/2026
Sold
$3,650,000
14.06%
MLS
6/02/2026
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Marcus & Millichap, Jimmy Castellanos
Sold by M&MKW, Eymon Binesh

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938 Alice Ln, Menlo Park, CA 94025 (MLS# ML82049437) is a Multi-Family property that was sold at $3,650,000 on July 02, 2026. Want to learn more about 938 Alice Ln? Do you have questions about finding other Multi-Family real estate for sale in Menlo Park? You can browse all Menlo Park real estate or contact a Coldwell Banker agent to request more information.