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Listed by: Preet Ballagan (408) 209-7807 DRE #02125828, Bimal Siyan DRE #01454347 | KW Advisors (510) 796-7900
$2,900,000
Monthly Est:$14,434
-- Bed
-- Bath
--sqft
179 Los Ranchitos Rd, San Rafael, CA 94903
$2,900,000
$14,434/moEst:
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Multi Family
Built in 1948
$-- HOA
38,224 sqft lot
--/sqft
Description
*** 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.
- Houzeo last checked: 1 hour ago
- Listing updated: September 24, 2026 at 1:14 am
- Source: California Regional MLS-CA | MLS#: 41127432
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1948
HOA Fees
-
Finished Area
- sqft
Lot Size
38,224 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41127432
MLS Status
Active
Days on Market
234
Cumulative Days on Market
192
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Flooring
Laminate
Heating
None
Appliances
Dryer, Washer
Construction
Year Built
Year Built: 1948
Home type
Multi Family
Roof
Shingle
Construction Materials
Stucco
Utilities & Energy
Parking Features
Garage
Other Features
Subdivision Name
Not Listed
Lot Features
Back Yard, Front Yard, Yard
Price History
| Date | Event | Price |
|---|---|---|
03/15/2026 Source: | Listed for Sale | $2,900,000 $0/sqft |
Find Homes by Property Features in San Rafael, CA
Based on information from California Regional Multiple Listing Service, Inc. as of Nov 06, 2026, 07:00AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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