$2,900,000 $15,568 est/mo Sourced by Back At You
179 Los Ranchitos Rd,San Rafael, CA 94903
San Rafael, CA 94903
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 are pro forma projections based on market rents; buyer to verify.
Details
| MLS # | 41127432 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 162 |
| Listing Provided By | KW Advisors | Preet Ballagan |
Features
| Units | 2 |
|---|---|
| Zoning | R-20 |
| Acreage | 0.88 |
Interior
| Heating | None |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Appliances | Dryer, Washer |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Back Yard, Front Yard, Yard |
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Area Information
| State | CA |
|---|---|
| County | Marin |
| City | San Rafael |
| Zip Code | 94903 |
| Community Name | Not Listed |
| Listing VS Median (in Not Listed) | |
Price: $2,900,000 low | high Med: $749,000 On site: 162 low | high Med: 12 | |
Market Activity 94903
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Learn More About This Property
| State | CA |
|---|---|
| County | Marin |
| City | San Rafael |
| Zip Code | 94903 |
| Community Name | Not Listed |
| Listing VS Median (in Not Listed) | |
Price: $2,900,000 low | high Med: $749,000 On site: 162 low | high Med: 12 | |
Listing Updated: August 21, 2026 at 10:50:41 PM PDT