179 Los Ranchitos Rd, San Rafael, CA 94903
- $2,900,000
- 5,582
- SqFt
- List Price
- $2,900,000
- MLS#
- 41127432
- Property Type
- Multifamily
- Sqft. of Residence
- 5,582
- Lot Size
- 38,224
- Region
- San Rafael
- Status
- ACTIVE
- County
- Marin
- Acres
- 0.88
- Year Built
- 1948
- Parking Spaces
- 6
Property Description
*** Seller financing available *** Seller financing for up to 75% of the purchase price to a qualified buyer, at a 5.5% interest rate for a 3-year term. A 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.
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Additional Information
- Basement
- None
- Living Area
- 5,582
- Lot Size
- 38,224
- Possession
- Close Of Escrow
- Region
- San Rafael
- Roof
- Composition, Shingle
- Subdivision
- Not Listed
- Zoning
- R-20
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Listing courtesy of KW Advisors.
All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.