About 179 Los Ranchitos Rd
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.
Features of 179 Los Ranchitos Rd
| MLS® # | 41127432 |
|---|---|
| Price | $2,900,000 |
| Bathrooms | 0.00 |
| Lot Size | 38,224 |
| Year Built | 1948 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 2 |
Community Information
| Address | 179 Los Ranchitos Rd |
|---|---|
| Subdivision | Not Listed |
| City | San Rafael |
| County | Marin |
| Zip Code | 94903 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Garage |
| Garages | Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Appliances | Dryer, Washer |
| Heating | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Back Yard, Front Yard, Yard |
| Roof | Shingle |
| Construction | Stucco |
Additional Information
| Date Listed | March 16th, 2026 |
|---|---|
| Days on Market | 183 |
| Zoning | R-20 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Preet Ballagan |
|---|---|
| Office | KW Advisors |