San Rafael, CA
$2,900,000
179 Los Ranchitos Rd, San Rafael, CA
0
Baths
1948
Built
10
Days listed
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.
Facts & features
Interior
- Bathrooms
- 0
- Appliances
- Dryer, Washer
- Flooring
- Laminate
- Heating
- None
Exterior & lot
- Lot size
- 0.878 acres (38,224 sq ft)
- Year built
- 1948
- Parking
- Garage
- Parking spaces
- 6
Community
- County
- Marin
Listing details
- Status
- Active
- Property type
- Residential Income
- Days on market
- 10
- Listed
- 2026-03-16
- Terms
- Cash, Conventional
- Parcel #
- 17529241
- MLS #
- 41127432
Listed by
Preet Ballagan · KW Advisors
