Under Contract

Contingent - Show

185-189 Los Ranchitos Rd

San Rafael CA, 94903

$2,400,000


$625.16 per sqft

Under Contract

Contingent - Show

6 Beds

5 Baths

3,839 sqft

Multi-family

Built in 1948

2BR home plus 4-1BR cottages. An incredible Marin County investment opportunity. The property is located on 1.38 acres (60,000 sf) of land, and features a spacious 2BR home with tall ceilings, inlaid hardwood floors, oversized bedrooms, a large country kitchen and a 50's purple'' bath that the tenants love. In addition to the main house, there are four, updated and in great 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. Sellers may consider short-term financing at 5%. Duplicate listing in MLS residential

324039284

MLS ID

May 21, 2024

Listed

July 20, 2024

Updated

Map

185-189 Los Ranchitos Rd
San Rafael CA, 94903

Interior Features

Total Stories

1


Bedrooms

6


Total Bathrooms

5


Full Bathrooms

5


Laundry Description

Inside Area


Fireplace

Yes


Fireplace Description

Living Room


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Central, Wall Furnace

Exterior/Building Features

Lot Size

1.39 Acres


Exterior Features

Court


Lot Features

Court


Architectual Style

Bungalow, Spanish


Sewer

Public Sewer

Other Property Details

Area Name

San Rafael


Garage

Yes


Garage Spaces

6


Parking

Attached, Detached


Parking Total

12


View

No


County

Marin


Water Source

Public


Pool

No

Listing History

Date

Event

Price

7/20/2024

Under Contract

7/12/2024

Price Change

$2,400,000

-4%

6/17/2024

Active

6/12/2024

Under Contract

Listed by Michael J Burke (00454938) with Golden Gate Sotheby's International Realty

Listing Contact:  

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