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House
·
for sale
USD 2,900,000
USD 520/sq.ft
179 Los Ranchitos Rd, San Rafael, CA 94903 | MLS #41127
McNears Beach
· 5,576 sq.ft · House
McNears Beach · 5,576 sq.ft · House
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 $296,400u002Fyear. The property features a main structure with 16 bedrooms and 8 baths operating on a room-by-room rental model, 14 standard rooms at $1,300u002Fmo and 2 premium rooms at $2,000u002Fmo, plus a fully detached 1BDu002F1BA private residence with a market rent of $2,500u002Fmo. Pro forma owner-managed NOI of approximately $185,888u002Fyear 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
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 $296,400u002Fyear. The property features a main structure with 16 bedrooms and 8 baths operating on a room-by-room rental model, 14 standard rooms at $1,300u002Fmo and 2 premium rooms at $2,000u002Fmo, plus a fully detached 1BDu002F1BA private residence with a market rent of $2,500u002Fmo. Pro forma owner-managed NOI of approximately $185,888u002Fyear 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
USD 2,900,000