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About This Home
This 0-bedroom, 0-bathroom residential multi family at 179 Los Ranchitos Rd in San Rafael, CA is listed for $2,900,000 ($520 per sqft). Built in 1948, the home offers 5,582 sqft of living space on a 0.88 acres lot.
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.
Key Features
- Built in 1948
- 0.88 acre lot
Property Details
Amenities
Monthly Cost Estimate
$15,510/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
179 Los Ranchitos Rd
San Rafael, CA 94903
Not Listed
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 179 Los Ranchitos Rd is listed at $2,900,000 ($520/sqft). The estimated monthly payment is $12,567 based on 20% down at 6.5% interest.
Key features include: Built in 1948, 0.88 acre lot. Exterior Features: Back Yard, Front Yard, Side Yard.
This property is listed by Preet Ballagan and can be reached at 4082097807 or preet.ballagan@kw.com.
