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$2,400,000   Price Analysis
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185-189 Los Ranchitos Rd
San Rafael, CA 94903
6 bed 5 bath 3,839 SqFt ($625/SqFt)
1.39 acre lot. Built 1948
Listed 2024-05-22
Ⓧ USDA Ineligible
due to price & location

near San Rafael

2BR home plus 4-1BR cottages.

* Has Contingent Offer *

An incredible Marin County investment opportunity. The property is located on 1.38 acres (60, 000 sf) of land and features a vast 2BR home with tall ceilings, inlaid hardwood floors, oversized bedrooms, a large country ktchen and a 50's purple'' bath that the tenants love. In addition to the main house, there are four, updated and in tremendous condition 1BR cottages.

Each unit has its own laundry room and attached 1-car garage. While the current price reflects the property's existing income, the true value lies in its untapped potential - keep as is or add two additional ADU'' cottages or divide the property into 6-8 lots with the house on one and 5-7 building sites available for construction. Seller s may consider short-term financing at 5%. Duplicate listing in MLS residential


Presented by Michael Burke at
Golden Gate Sotheby's International Realty.
Listing Agent Photo

Property MLS #324039284 from Bareis

Bedrooms: 6

Total Bathrooms: 5
Full Bathrooms: 5

Main Level Rooms: Bedroom(s), Dining Room, Full Bath(s), Kitchen, Living Room

Laundry Features: Inside Area

Fireplace Features: Living Room
Heating Features: Central, Wall Furnace
Number of Fireplaces: 1

Lot Description: Court
Lot Dimensions Source: Acres
Lot Size Acres: 1.39
Lot Size Source: Assessor Auto-Fill
Lot Size Square Feet: 60548

Garage Spaces: 6
Parking Features: Attached, Detached
Parking Total: 12

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 5

Source Listing Status: Contingent - Show
County: Marin
Cross Street: Hinde Blvd
Directions: Las Ranchitos between the Civic Center and Norhtgate Shopping Center.
Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, ac
Source Property Type: Residential
Area: San Rafael
Source Neighborhood: San Rafael
Parcel Number: 175-292-35
Postal Code Plus 4: 3844
Property Subtype: 3+ Houses on Lot
Source System Name: C2C

Price Changed 2024-07-12
$2,400,000
Bareis
Price Changed 2024-07-12
$2,400,000
Bareis
Listed 2024-05-22
$2,500,000
Bareis
Listed 2024-05-22
$2,500,000
Bareis

Total Square Feet Living: 3839
Year Built: 1948
Living Area Source: Assessor Agent-Fill
Property Age: 76
Levels or Stories: 1
Structure Type: Detached
House Style: Bungalow, Spanish
Year Built Source: Assessor Auto-Fill

Sewer: Public Sewer
Public
Water Source: Public

Venetia Valley Elementary School is a public elementary and middle school located approximately 0.9 miles away.
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Terra Linda High School is a public high school located approximately 0.7 miles away.
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Mark Day School is a private elementary and middle school located approximately 1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.