Property Details
About this Property
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. Contact listing agents for the full Offering Memorandum.
MLS Listing Information
MLS #
BE41127432
MLS Source
Bay East
Days on Site
2
Interior Features
Appliances
Dryer, Washer
Flooring
Laminate
Cooling
Air Conditioning - None
Heating
No Heating
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Attached Garage, Parking Area, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Other, Playground
Zoning
R-20
Contact Information
Listing Agent
Preet Ballagan
KW Advisors
License #: 02125828
Phone: (408) 209-7807
Co-Listing Agent
Bimal Siyan
KW Advisors
License #: 01454347
Phone: (510) 755-3709
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
179 Los Ranchitos Rd is a Residential Income in San Rafael, CA 94903. This 5,582 square foot property sits on a 0.88 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,900,000 and was built in 1948. This address can also be written as 179 Los Ranchitos Rd, San Rafael, CA 94903.
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This listing information is up-to-date as of March 17, 2026. For the most current information, please contact Preet Ballagan, (408) 209-7807
