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.
For sale
$2,900,000
179 Los Ranchitos Rd, San Rafael, CA 94903
--beds
0baths
5,582sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$520/sqft
$-- HOA
What's special
- 14 days |
- 361 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2026 at 06:29pm
Listed by:
Preet Ballagan DRE #02125828 408-209-7807,
Kw Advisors,
Bimal Siyan DRE #01454347 510-755-3709,
Kw Advisors
Source: Bay East AOR,MLS#: 41127432
Tour with a local agent
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
Utilities & green energy
- Sewer: Public Sewer
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: $1,446,875
- Annual tax amount: $18,649
- 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
$3,696/mo
Price history
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 | $1,750,000-30%$314/sqft |
Source: BAREIS #22028693 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: BAREIS Report a problem | ||
| 2/6/2021 | Listed for sale | $2,500,000$448/sqft |
Source: BAREIS #22028729 Report a problem | ||
| 1/22/2021 | Listing removed | -- |
Source: BAREIS Report a problem | ||
| 12/1/2020 | Listed for sale | $2,500,000+140.4%$448/sqft |
Source: Coldwell Banker Realty #22028693 Report a problem | ||
| 6/25/2005 | Sold | $1,040,000$186/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $18,649 +2.2% | $1,446,875 +2% |
| 2016 | $18,247 +4.6% | $1,418,515 +3.6% |
| 2015 | $17,438 +16.2% | $1,369,188 +12% |
| 2014 | $15,011 | $1,222,490 +10% |
| 2013 | -- | $1,111,355 +5% |
| 2012 | -- | $1,058,434 -3% |
| 2011 | -- | $1,091,170 |
| 2010 | -- | $1,091,170 -5% |
| 2009 | -- | $1,148,600 -10.2% |
| 2008 | -- | $1,278,476 +2% |
| 2007 | -- | $1,253,416 +16% |
| 2006 | -- | $1,080,800 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$17,712/mo
Principal & interest
$14981
Property taxes
$2731
More affordability tools
Climate risks
Neighborhood: Rafael Meadows/Los Ranchitos
Nearby schools
GreatSchools rating
- 9/10Vallecito Elementary SchoolGrades: K-5Distance: 0.9 mi
- 10/10Miller Creek Middle SchoolGrades: 6-8Distance: 2.3 mi
- 9/10Terra Linda High SchoolGrades: 9-12Distance: 0.7 mi
Local experts in 94903
- California
- Marin County
- San Rafael
- 94903
- Rafael Meadows/Los Ranchitos
- 179 Los Ranchitos Rd
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