For sale

$2,900,000

Est. $19,528/mo —

—

•

— ba

•

5,582

sq ft

179 Los Ranchitos Rd, San Rafael, CA 94903

About this home

*** Seller financing available *** Seller financing for up to 75% of the purchase price to a qualified buyer, at a 5.5% interest rate for a 3-year term. A 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.

Multi-familyProperty Type

1948Year Built

0.88 acresLot Size

$520Price/Sq.Ft.

Listed by Preet Ballagan •DRE #02125828 • KW Advisors

Listed by Bimal Siyan •DRE #01454347 • KW Advisors

Listing updated: Sep 23, 2026 at 06:08pm

Redfin checked: 2 minutes ago

•Source:bridgeMLS, Bay East AOR, or Contra Costa AOR #41127432

Payment calculator

$19,528 per month

Principal and interest$16,024

Property taxes

$3,021

HOA dues

Home insurance

$483

Utilities

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5 minutes to get started. No credit impact.

Affordability tools

See this home in person

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Next available date: Monday, October 26

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN OCT 26, 1PM TO 3PM
$1,499,000
3 beds2 baths1,848 sq ft
256 Sausalito St, Corte Madera, CA 94925
OPEN OCT 28, 10AM TO 1PM
$4,499,000
4 beds3.5 baths2,974 sq ft
108 Hacienda Dr, Tiburon, CA 94920
(415) 660-9955
OPEN OCT 28, 10:30AM TO 12:30PM
$999,000
3 beds2.5 baths1,768 sq ft
24 Cottage Ln, Novato, CA 94949
OPEN OCT 28, 10:30AM TO 12PM
$1,395,000
3 beds2 baths2,604 sq ft
728 Eucalyptus Ave, Novato, CA 94947
OPEN OCT 28, 10:30AM TO 3PM
$2,950,000
5 beds3.5 baths3,117 sq ft
122 Ralston Ave, Mill Valley, CA 94941
OPEN OCT 28, 10:30AM TO 1PMVIDEO TOUR
$1,325,000
4 beds2 baths1,844 sq ft
1963 Indian Valley Rd, Novato, CA 94947
OPEN OCT 28, 11AM TO 2PM3D & VIDEO TOUR
$10,450,000
5 beds4.5 baths5,225 sq ft
1808 Lagoon View Dr, Tiburon, CA 94920
OPEN OCT 29, 11AM TO 3PM
$2,500,000
5 beds4 baths4,109 sq ft
91 Rollingwood Dr, San Rafael, CA 94901
OPEN OCT 30, 12PM TO 2PM
$2,995,000
5 beds3 baths2,610 sq ft
11 Saint Bernard Ln, Tiburon, CA 94920
OPEN NOV 1, 1PM TO 3PM
$860,000
3 beds3 baths1,600 sq ft
305 Verandah Ave, Novato, CA 94945

Around this home

Schools

K - 12
Preschool & daycare

Vallecito Elementary School

Public K-5 • Assigned • 0.9mi

9/10

Miller Creek Middle School

Public 6-8 • Assigned • 2.3mi

10/10

Terra Linda High School

Public 9-12 • Assigned • 0.7mi

9/10

Provided by GreatSchools

About Terra

Linda

Terra Linda, located between Lucas Valley Road and the Terra Linda-Sleepy Hollow Divide, is a mid-century and hillside San Rafael neighborhood with a civic town center and open-space trailheads. The neighborhood’s character concentrates around the Northgate Town Center corridor along Las Gallinas Avenue, where cafes, small shops, and everyday errands share the same sidewalks. Eichler-style lines and low-slung ranch homes set a clean, indoor-outdoor architectural rhythm across the flats. Terra Linda Community Center and Pool acts as a local gathering point beside the community park. Terra Linda High School’s campus and fields add a steady, daytime pulse. China Camp State Park frames the eastern edge with bay views and long, quiet trails.

Provided by Walk Score and Local Logic

Market insights

179 Los Ranchitos Rd · $2,900,000

DAYS ON MARKET

The average home goes pending in 64 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $1,479,013. (49% lower than this home)

PRICE DROP

24% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Laminate flooring

Flooring
Laminate

Heating & cooling
No air conditioning

Sale and tax history for 179 Los Ranchitos Rd

Sale History
Tax History

Date

Event

Price

bridgeMLS, Bay East AOR, or Contra Costa AOR #41127432

Mar 16, 2026

Listed

$2,900,000

$520/sq ft

BAREIS #22028693

Nov 24, 2021

Price Changed

$2,050,000

$367/sq ft

Nov 24, 2021

Sold

$2,050,000

$367/sq ft

Nov 10, 2021

Pending

—

Nov 9, 2021

Contingent

—

Oct 25, 2021

Price Changed

$2,250,000

$403/sq ft

Sep 23, 2021

Price Changed

$1,750,000

$314/sq ft

Apr 22, 2021

Relisted

—

Dec 1, 2020

Listed

$2,500,000

$448/sq ft

Prime Marin R. E. Investment Opportunity in Priority Development Area with Transit Oriented Development overlay per City. 2022 Pro Forma Available for possible "covered play" of about $446K/year as housing for 33 students plus owner's unit 1B/1b. Employee housing for contractors, traveling medical personnel? Buyer will verify uses, desirability and value and impact of PDA, TOD and Senate Bills 9 and 10 etc. Great potential here!

Year

Property tax

Land + Additions

Assessment*

2017

$18,649 (+2.2%)

$840,686 + $606,189

$1,446,875

2016

$18,246 (+4.6%)

$840,686 + $606,189

$1,446,875

2015

$17,438 (+16.2%)

$824,208 + $594,307

$1,418,515

2014

$15,011 (+8.2%)

$700,330 + $522,160

$1,222,490

2013

$13,879 (+4.7%)

$700,330 + $522,160

$1,222,490

2012

$13,258 (−1.9%)

$636,664 + $474,691

$1,111,355

2011

$13,513 (+1.5%)

$606,347 + $452,087

$1,058,434

2010

$13,314 (−2.7%)

$625,100 + $466,070

$1,091,170

2009

$13,684 (−5.6%)

$625,100 + $466,070

$1,091,170

2008

$14,493

$658,000 + $490,600

$1,148,600

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

1.61 Acres

Year renovated

1962

Finished Sq. Ft.

5,582

Unfinished Sq. Ft.

—

Total Sq. Ft.

5,582

Year built

1948

Style

Single Family Residential

County

Marin County

APN

175-292-34

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jan 20, 2023.

R20

Single-Family Residential District

The single-family residential districts provide opportunities for low-density, detached single-family residential development. Development densities are based on existing development patterns in the area and environmental site constraints. In hillside areas, development shall conform to the hillside development standards and review procedures established in Chapter 14.12, Hillside Development Overlay District.; Single-family residential districts include hillside resource residential land use categories with minimum densities of 2 or more acres for minimum lot sizes; hillside residential and residential estate categories with densities from 20,000 sq ft to 2 acre lot minimums; and low-density residential land use categories with densities ranging from 5,000 sq ft to 20,000 sq ft lot minimums.

Permitted uses

Include but are not limited to:

Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Recreation
Park & open space

Aug 9, 2022 • Final

Encroachment online

Replace a utility pole, switch, and anchor.

Electrical

Dec 9, 2020 • Final

Building

Construct a new two-car garage. Install a new window and door, and remove a load-bearing wall.

Addition

Remodel

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.46% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 88° expected this year, 16 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

8/10 Air Factor

15 unhealthy days expected this year, 15 days in 30 years

Provided by First Street

Historical weather

San Rafael, CA • 94903

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

77/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.8 hrs

5.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 179 Los Ranchitos Rd

$2,685,309

$215K under list price of $2.90M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $1.3M to $3.0M.

SOLD SEP 2, 2026
$2,700,000 Last sold price
5 beds4 baths3,225 sq ft
105 Oak Ridge Rd, San Rafael, CA 94903
$317/sq ft
larger lot
14 years newer
SOLD SEP 23, 2026
$1,265,000 Last sold price
4 beds2.5 baths2,699 sq ft
46 Laurel Glen Ter, San Rafael, CA 94903
$51/sq ft
smaller lot
44 years newer
SOLD JUL 31, 2026
312 Fairhills Dr, San Rafael, CA 94901
$3,000,000 Last sold price
5 beds3.5 baths4,095 sq ft
312 Fairhills Dr, San Rafael, CA 94901
$213/sq ft
smaller lot
14 years newer
SOLD AUG 14, 2026
$1,550,000 Last sold price
4 beds3 baths2,473 sq ft
83 Vista Marin Dr, San Rafael, CA 94903
$107/sq ft
smaller lot
51 years newer
SOLD SEP 23, 2026
$1,587,500 Last sold price
4 beds3 baths2,856 sq ft
217 Spindle Ct, San Rafael, CA 94903
$36/sq ft
smaller lot
56 years newer
SOLD SEP 30, 2026
$1,700,000 Last sold price
4 beds2.5 baths2,400 sq ft
191 Esmeyer Dr, San Rafael, CA 94903
$188/sq ft
smaller lot
23 years newer

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Details provided by bridgeMLS, Bay East AOR, or Contra Costa AOR and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 179 Los Ranchitos Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 179 Los Ranchitos Rd

Early Access listings

Nearby similar homes

New listings for sale in 94903

More real estate resources