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Sold for $4,700,000 on 06/25/25
  • $4,700,000

    255 Channing Way, San Rafael, CA 94903

    28beds
    13,300sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $4,526,300 Zestimate®
    $353/sqft
    $2,313 Estimated rent

    Home value

    $4,526,300

    $4.07M - $5.02M

    $2,313/mo

    Zestimate® history
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    $2,313/mo

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    $2,313/mo

    Rent Zestimate®

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    $29,283/mo

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    $29,283/mo

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    What's special

    This 14-unit apartment building offers a turn key investment opportunity in a sought-after area. The property has been well-maintained and features recently remodeled units, including new floors, updated kitchens, and modern appliances. Each apartment is spacious, with plenty of natural light throughout. The building benefits from a history of strong occupancy rates and high rental demand, providing steady income potential. Additionally, it has been optimized for low operating costs with separate PG&E meters and a partial Ratio Utility Billing System (RUBS) in place. Ideal for investors, this property offers long-term stability and an attractive return on investment due to its solid rental market and low expenses.

    Zillow last checked: 8 hours ago

    Listing updated: July 01, 2025 at 12:58pm

    Listed by:

    Michael B. Johnston DRE #01370461 415-794-6453,

    Berkshire Hathaway Drysdale Pr 415-655-9007

    Bought with:

    Michael J. Burke, DRE #00454938

    Golden Gate Sotheby's

    Source: SFAR,MLS#: 324073256MLS LogoOriginating MLS: San Francisco Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 28
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Individual
    Cooling
    • None
    Interior area
    • Total structure area: 13,300
    • Total interior livable area: 13,300 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Carport
    • Carport spaces: 20
    Features
    • Stories: 2
    • Has view: Yes
    • View description: Mountain(s), Hills
    Lot
    • Size: 0.70 Acres
    • Features: None
    Details
    • Parcel number: 15509220
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1965

    Utilities & green energy

    • Sewer: None
    • Water: None

    Community & neighborhood

    Location
    • Region: San Rafael

    HOA & financial

    HOA
    • Has HOA: No
    Other financial information
    • Total actual rent: 5800

    Price history

    DateEventPrice
    8/21/2025Listing removed$3,195
    Source: Zillow Rentals Report a problem
    8/17/2025Listed for rent$3,195
    Source: Zillow Rentals Report a problem
    6/25/2025Sold$4,700,000-16.1%$353/sqft
    Source: SFAR #324073256 Report a problem
    6/12/2025Pending sale$5,600,000$421/sqft
    Source: SFAR #324073256 Report a problem
    1/16/2025Price change$5,600,000-6.7%$421/sqft
    Source: SFAR #324073256 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: North San Rafael Commercial Center

    Nearby schools

    GreatSchools rating