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$2,900,000
41127432 MLS
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.

179 Los Ranchitos Rd, San Rafael

Listing courtesy of Preet Ballagan from KW Advisors. 408-209-7807
$1,510,000
41120655 MLS
Duplex opportunity in desirable neighborhood of San Rafael. Owner-occupant looking to live in one unit and rent the other, or a seasoned investor. 2,833sf of total living space. Unit 1 is about 1,616 sf, 2 bedrooms and 2.5 bathrooms, recessed lighting, upgraded kitchen with stainless steel appliances, 3rd bedroom was converted into a walking closet . Unit 2 is about 1,217 sf, 2 bedrooms and 2 bathroom. Located near public library, public transportation, restaurants, and grocery stores.

1836 5th Ave, San Rafael

Listing courtesy of Waleed Jweainat from BHHS Drysdale Properties. 415-235-9307

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