For sale

$2,900,000

179 Los Ranchitos Rd, San Rafael, CA 94903

--beds

0baths

5,582sqft

$20,063/mo

Get pre-qualified

Multi Family

Built in 1948

-- sqft lot

$-- Zestimate^®

$520/sqft

$-- HOA

What's special

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.

160 days

62

1

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

None

Cooling

No Air Conditioning

Appliances

Included: Dryer, Washer

Features

Flooring: Laminate
Basement: None

Interior area

Total structure area: 5,582
Total interior livable area: 5,582 sqft

Property

Parking

Parking features: Attached, Parking Lot
Has attached garage: Yes

Features

Patio & porch: Patio, Balcony/Patio
Exterior features: Storage, Garden

Lot

Size: 0.88 Acres
Features: 2 Houses / 1 Lot, Back Yard, Front Yard, Side Yard

Details

Parcel number: 17529241
Zoning: R-20
Special conditions: Offer As Is

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Stucco
Roof: Composition

Condition

Year built: 1948

Community & HOA

Community

Features: Play Area, Recreation, Other
Subdivision: Not Listed

HOA

Has HOA: No

Location

Region: San Rafael

Financial & listing details

Price per square foot: $520/sqft
Tax assessed value: $1,320,552
Price range: $2.9M - $2.9M
Date on market: 3/16/2026
Listing agreement: Excl Right
Listing terms: Cash,Conventional
Lease term: Month To Month
Tenant pays: None

Estimated market value

Not available

Estimated sales range

Not available

$3,653/mo

Price history

Date	Event	Price
3/17/2026	Listed for sale	$2,900,000+41.5%$520/sqft
Source: Bay East AOR #41127432 Report a problem
11/24/2021	Sold	$2,050,000-8.9%$367/sqft
Source: BAREIS #22028693 Report a problem
11/10/2021	Pending sale	$2,250,000$403/sqft
Source: BAREIS #22028693 Report a problem
11/9/2021	Contingent	$2,250,000$403/sqft
Source: BAREIS #22028693 Report a problem
10/26/2021	Price change	$2,250,000+28.6%$403/sqft
Source: BAREIS #22028693 Report a problem
9/23/2021	Listed for sale	$1,750,000+68.3%$314/sqft
Source: BAREIS #22028693 Report a problem
6/24/2005	Sold	$1,040,000$186/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$1,320,552 +2%
2025	$20,403 +7.7%	$1,294,664 +2%
2024	$18,946 +1.4%	$1,269,288 +2%
2023	$18,679 +4.5%	$1,244,400 +2%
2022	$17,876 -1.3%	$1,220,000 -5.7%
2021	$18,111 +0.2%	$1,293,771 +1%
2020	$18,067 +5.6%	$1,280,508 +2%
2019	$17,116 +1.3%	$1,255,409 +2%
2018	$16,900	$1,230,803