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179 Los Ranchitos Rd, San Rafael, CA 94903

San Rafael
Local realty services provided by:CENTURY 21 Experience
179 Los Ranchitos Rd,San Rafael, CA 94903
$2,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: preet ballagan, bimal siyan
Office: kw advisors510-796-7900
MLS#:41127432
Source:CRMLS

Price summary

  • Price:$2,900,000

About this home

*** Seller financing available *** Seller financing for up to 75% of the purchase price to a qualified buyer, at a 5.5% interest rate for a 3-year term. A 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
  • Subdivision & Development:Not Listed
  • Listing ID #:41127432
  • Added:219 day(s) ago
  • Updated:October 22, 2026 at 11:17 AM

Rooms and interior

  • Flooring:Laminate

Structure and exterior

  • Roof:Shingle
  • Year built:1948
  • Lot area:0.88 Acres
  • Lot Features:Back Yard, Front Yard, Yard
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$2,900,000

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:6
  • Parking description:Garage
  • Garage:Yes
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Experience is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Experience, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Peter Gottuso

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