179 Los Ranchitos Rd, San Rafael, CA 94903, San Rafael, 94903 - 0 bed, 0 bath
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San Rafael, CA 94903
Analysis of 179 Los Ranchitos Rd, San Rafael, CA 94903 is currently available with a list price of $2,900,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Rafael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Despite the 1948 original construction, the property has undergone significant interior renovations to support its use as a high-density rental. The kitchens feature updated shaker-style and wood cabinetry, stainless steel appliances, and modern range hoods. Bathrooms have been modernized with newer vanities and glass-enclosed showers. The flooring has been updated throughout with wood-look laminate and hardwood, and the overall interior condition is clean and move-in ready with no signs of deferred maintenance in the provided images.
The property offers an exceptional 6.41% projected cap rate and a pro forma gross income of $296,400, which is significantly higher than typical returns in the supply-constrained Marin County market.
Situated on 1.66 acres across two separate parcels, this offering provides rare scale and potential for future development or expansion in a prime San Rafael location.
With 17 total bedrooms and a detached private residence, the property minimizes vacancy risk by spreading rental income across multiple individual units and a separate dwelling.
The room-by-room rental model requires significant administrative oversight, frequent tenant turnover management, and higher operational involvement compared to traditional long-term leases.
The financial projections are based on pro forma market rents rather than actual current performance, and the 1948 construction may require capital improvements to achieve the projected rental rates.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1948 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 16, 2026
$2,900,000
Initial Listing
Nov 24, 2021
$2,050,000
Public Record
Jun 24, 2005
$1,040,000
Public Record