189 185 Los Ranchitos RD, San Rafael, CA 94903
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189 185 Los Ranchitos RD, San Rafael, CA 94903
189 185 Los Ranchitos RD, San Rafael, CA 94903
189 185 Los Ranchitos RD, San Rafael, CA 94903
189 185 Los Ranchitos RD, San Rafael, CA 94903
Listed by Michael J Burke Golden Gate Sotheby's International Realty 

$2,300,000

Est. payment /mo

$2,400,000

4.2%
Est.Price: ?

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189 185 Los Ranchitos RD San Rafael, CA 94903

3,839 SqFt

SOLD DATE : 11/01/2024

Key Details

Sold Price $2,300,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 3,839 sqft

Price per Sqft $599

MLS Listing ID 324039278

Sold Date 11/01/24

Style Bungalow,Spanish

HOA Y/N No

Year Built 1948

Lot Size 1.390 Acres

Acres 1.39

Property Sub-Type 5 or More Units

Property Description

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 separate lots with the house on one and the four 1BR houses on the others. The Sellers may consider 3-5 year financing at 5%. Duplicate listing in MLS residential

Location

State CA

County Marin

Area San Rafael

Interior

Heating Central, Wall Furnace

Cooling None

Laundry In Unit

Exterior

Garage Spaces 6.0

Waterfront Description Public

Roof Type Composition

Total Parking Spaces 11

Private Pool No

Building

Lot Description Court, Landscape Back, Landscape Front, Private

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Spanish

Others

Tax ID 17529235

Financing Seller Financing

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