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$ 2,900,000
Est. payment | /mo
5,582 SqFt
$ 2,900,000
Est. payment | /mo
5,582 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,582 sqft
Price per Sqft $519
Subdivision Not Listed
MLS Listing ID 41127432
HOA Y/N No
Year Built 1948
Lot Size 0.878 Acres
Acres 0.88
Property Sub-Type OTHER
Property Description
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.
Location
State CA
County Marin
Zoning R-20
Rooms
Basement None
Interior
Heating None
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Appliance Dryer, Washer
Exterior
Exterior Feature Back Yard, Front Yard, Side Yard, Storage, Garden
Building
Lot Description 2 Houses / 1 Lot
New Construction No
Others
Tax ID 17529241
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Preet Ballagan • KW Advisors
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