179 Los Ranchitos Rd, San Rafael, CA, 94903
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Roof: Composition
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Washer
Basement
- Basement: None
Features
- Flooring: Laminate
Heating & Cooling
- Heating features: None
- Cooling features: No Air Conditioning
Interior Area
- Total structure area: 5,582
- Total interior livable area: 5,582 sqft
Property
Details
- Parcel number: 17529241
- Zoning: R-20
- Special condition: Offer As Is
Features
- Patio & porch: Patio,Balcony/Patio
- Exterior features: Storage,Garden
Lot
- Lot size: 0.88 Acres
- Features: 2 Houses / 1 Lot,Back Yard,Front Yard,Side Yard
Parking
- Parking features: Attached,Parking Lot
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Marin County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,663 | $175,956 |
| Home Insurance * | $501 | $6,012 |
| Property Taxes | $3,602 | $43,224 |
| Electricity | $1,196 | $14,363 |
| Total | $19,962 | $239,544 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Listed for sale | $2,900,000 |
| 2021-11-24 | Sold | $2,050,000 |
| 2021-11-10 | Pending sale | $2,250,000 |
| 2021-11-09 | Contingent | $2,250,000 |
| 2021-10-26 | Price change | $2,250,000 |
| 2021-09-23 | Listed for sale | $1,750,000 |
| 2021-03-24 | Listing removed | -- |
| 2021-02-06 | Listed for sale | $2,500,000 |
| 2021-01-22 | Listing removed | -- |
| 2020-12-01 | Listed for sale | $2,500,000 |
| 2005-06-25 | Sold | $1,040,000 |
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