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179 Los Ranchitos Rd, San Rafael, CA 94903
Priced at Only: $2,900,000
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Address: 179 Los Ranchitos Rd, San Rafael, CA 94903
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179 Los Ranchitos Rd
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  • MLS#: 41127432 ( )
  • Street Address: 179 Los Ranchitos Rd
  • Viewed: 2
  • Price: $2,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: MARIN
  • City: San Rafael
  • Zipcode: 94903
  • Subdivision: Not Listed
  • Provided by: KW Advisors
  • Contact: Preet Preet
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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. Contact listing agents for the full Offering Memorandum.
Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Flooring
  1. Laminate
Heating
  1. None
Laundry Features
  1. Washer Included
  2. Dryer Included
Lot Features
  1. Front Yard
  2. Back Yard
  3. Yard
Parcel Number
  1. 17529241
Parking Features
  1. Garage
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 41127432:BMLS
Subdivision Name Other
  1. Not Listed
Year Built
  1. 1948
Zoning
  1. R-20
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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