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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
-- Bed
-- Bath
--sqft
179 Los Ranchitos Rd, San Rafael, CA 94903
$2,900,000
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Multi Family
Built in 1948
$-- HOA
38,224 sqft lot
--/sqft
Description
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 ...
Continue Reading- Houzeo last checked: 22 minutes ago
- Listing updated: March 26, 2026 at 1:29 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
142
Cumulative Days on Market
10
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