179 Los Ranchitos Rd, San Rafael, CA 94903

San Rafael
Local realty services provided by:ERA North Orange County Real Estate
179 Los Ranchitos Rd,San Rafael, CA 94903
$2,900,000
  • - Beds
  • - Baths
  • 5,582 sq. ft.
  • Multi-family
  • Active
Listed by: preet ballagan(408) 209-7807
Office: kw advisors
MLS#:41127432
Source:CAREIL

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$519.53

About this home

Rare investment opportunity in the heart of San Rafael, Marin County, one of California's most supply-constrained rental markets. This exceptional 17-bedroom, 9-bath income property sits on 1.66 acres across two parcels with pro forma gross rental income potential of $296,400/year. The property features a main structure with 16 bedrooms and 8 baths operating on a room-by-room rental model, 14 standard rooms at $1,300/mo and 2 premium rooms at $2,000/mo, plus a fully detached 1BD/1BA private residence with a market rent of $2,500/mo. Pro forma owner-managed NOI of approximately $185,888/year supports the $2,900,000 asking price at a 6.41% projected cap rate. All figures are pro forma projections based on market rents; buyer to verify. Contact listing agents for the full Offering Memorandum.

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Home facts

  • Year built:1948
  • Listing ID #:41127432
  • Added:1 day(s) ago
  • Updated:March 18, 2026 at 04:32 PM

Rooms and interior

  • Flooring:Laminate
  • Living area:5,582 sq. ft.

Heating and cooling

  • Cooling:No Cooling
  • Heating:No Heat

Structure and exterior

  • Roof:Composition
  • Year built:1948
  • Building area:5,582 sq. ft.
  • Lot area:0.88 Acres
  • Construction Materials:Stucco
  • Exterior Features:Balcony/Patio, Patio

Utilities

  • Water:City/Public
  • Sewer:Sewer - Public

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$519.53

Features and amenities

  • Laundry features:Dryer, Washer
  • Amenities:Balcony or Patio

Parking

  • Parking description:Attached, Parking Area
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