Multi-Family Income
For Sale
$2,900,000
179 Los Ranchitos Road, San Rafael, CA 94903
Income property with 17 bedrooms and a detached 1BD/1BA private residence on two parcels in San Rafael.
Property SizeContact for details
Lot Size1.66 Acres
Days on Market252
Property Features for 179 Los Ranchitos Road
General Information
Standard status
Active
Lot size
1.66 Acres
Property subtype
Multi-family
Additional Details
Cap Rate
6.41%
Multifamily Units
17
Building Details
Year Built
1948
Listing Agency:
KW Advisors
Listed By:
Preet Ballagan · License #02125828
(408) 209-7807
Source:
Sevengables
Added: Feb 14
Changed: Oct 23
Last Checked: Oct 23 at 10:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Advisors
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Investment Insights
Based on property information with market context.
This multi-family income property offers a total of 17 bedrooms and 9 bathrooms across two parcels. The main structure includes 16 bedrooms and 8 baths operating on a room-by-room rental model, with 14 standard rooms and 2 premium rooms. A fully detached 1BD/1BA private residence is included, with rent projected in the pro forma.
The property is located at 179 Los Ranchitos Rd in San Rafael, Marin County. The seller’s remarks describe pro forma gross rental income potential of $296,400 per year and pro forma owner-managed NOI of approximately $185,888 per year, with figures based on projected market rents and buyer verification.
Buyer to verify all income, expenses, and assumptions presented in the pro forma. All projections are provided by the seller and should be confirmed during due diligence.
The property is located at 179 Los Ranchitos Rd in San Rafael, Marin County. The seller’s remarks describe pro forma gross rental income potential of $296,400 per year and pro forma owner-managed NOI of approximately $185,888 per year, with figures based on projected market rents and buyer verification.
Buyer to verify all income, expenses, and assumptions presented in the pro forma. All projections are provided by the seller and should be confirmed during due diligence.
Key Highlights
- 17‑bedroom, 9‑bath income property in San Rafael, built in 1948
- 1.66 acres across two parcels
- Room‑by‑room rental model: 16 bedrooms/8 baths plus 14 standard rooms at $1,300/mo and 2 premium rooms at $2,000/mo
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Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
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Demographics for 94903, CA
30,514
Population
12,708
Households
2.4
Avg Household Size
47
Median Age
55%
College-Educated
92%
High-School Grad
19.9 sq mi
ZIP Area
1,533
Density / Sq Mi
$127,464
Median Household Income
$57,527
Median Earnings
$3,026
Median Rent
$1,149,400
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Apartment building - Income property with 17 bedrooms and a detached 1BD/1BA private residence on two parcels in San Rafael.
Where is this apartment building located?
The property is located at 179 Los Ranchitos Road San Rafael, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 17‑bedroom, 9‑bath income property in San Rafael, built in 1948; 1.66 acres across two parcels; Room‑by‑room rental model: 16 bedrooms/8 baths plus 14 standard rooms at $1,300/mo and 2 premium rooms at $2,000/mo
