179 Los Ranchitos Rd, San Rafael, CA 94903
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
179 Los Ranchitos Rd,San Rafael, CA 94903
$2,900,000
- - Beds
- - Baths
- 5,582 sq. ft.
- Multi-family
- Active
Listed by: preet ballagan, bimal siyan
Office: kw advisors510-796-7900
MLS#:41127432
Source:Bay East, CCAR, bridgeMLS
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.
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Home facts
- Year built:1948
- Listing ID #:41127432
- Added:67 day(s) ago
- Updated:May 23, 2026 at 02:21 PM
Rooms and interior
- Flooring:Laminate
- Living area:5,582 sq. ft.
Structure and exterior
- Year built:1948
- Building area:5,582 sq. ft.
- Lot area:0.88 Acres
- Construction Materials:Stucco
- Exterior Features:2 Houses / 1 Lot, Back Yard, Front Yard, Garden, Side Yard, Storage
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$519.53
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Attached, Parking Lot
- Garage:Yes
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