179 Los Ranchitos Rd, San Rafael, California 94903

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.