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179 Los Ranchitos Rd

San Rafael, CA 94903

$2,900,000 $12,226/Mo

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Overview

Bed

Bath

38,224

Sqft(Lot)

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.

Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 76167245

MLS Id : 41127432

Lot Size : 38,224 Sqft

Year Built : 1948

County : Marin

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Shingle

Appliances: Dryer, Washer
Heating & Cooling

Heating: None

Building Information

Year Built: 1948

Construction Materials: Stucco

Private Pool: No

Lot Information

Main Square Feet: 38224 Lot Size Acres: 0.8775 Lot Size Source: Public Records Lot Size Square Feet: 38,224 Lot Description: Back Yard,Front Yard,Yard

Property Information

Subdivision: Not Listed Source Property Type: Residential Income Property Age: 78

Listing Price Information

Listing Price: $2900000

Cash, Conventional

Tax Information

Parcel Number: 17529241

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 6 Garage

Garage Information

Has Garage: Yes

Location Information

Direction: N San Pedro Rd -> Los Ranchitos Blvd Cross Street: Circle Rd.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Bayhills Drive, San Rafael, CA, 94903	$1,204,000	4	2	2,278	2,278 SqFt
11 Oak Tree Court, San Rafael, CA, 94903	$1,680,000	5	3	2,297	2,297 SqFt

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ByOwner last updated this listing 07/25/2026 @ 03:21

MLS: 41127432 LISTED BY: Preet Ballagan, KW Advisors 510-796-7900 SOURCE: CRMLS